Glencore is expected to reject the Chinese offer of $ 3.60 per share to acquire a minority stake in coal company Yancoal Australia as too low, according to two Reuters sources familiar with the matter. Yankuang Energy Group made an offer last week to acquire 37.7% of Yancoal, which it does not already own, at […]
Tag: Glencore
Glencore: Returns $ 4 billion to shareholders
Glencore Plc has announced it will return $ 4 billion to shareholders after announcing record earnings for 2021 due to higher commodity prices. The Anglo-Swedish commodity mining and trading company said it had a key distribution of $ 3.4 billion, or $ 0.26 per share, in cash flows for 2021 and a $ 550 million […]
Telis Mystakidis invests in shipping
Of George Georgiou Shipping portfolio seems to be “built” by billionaire Telis Mystakidis, investing in Union Maritime, a company based in the United Kingdom. Earlier in the year, the shipping company, which has traditionally operated in tankers, decided to open up to the bulk dry cargo market, as fares were at an exceptional level. To […]