LONDON: An Abu Dhabi vehicle, big hedge fund managers and Swiss private banks are set to serve as “cornerstone” investors backing commodity trader Glencore's US$12bil flotation, a person familiar with the matter said.
The listing, which could be London's biggest ever, will be aided by strong support from cornerstones, who could buy nearly 30% of the shares sold or some US$3.6bil worth, if the listing raises its maximum target of US$12.1bil.
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