Mining giant Glencore announces drastic balance sheet efforts
Switzerland-based Glencore announced today it will:
– Suspend its dividend
– Sell $2.5 billion in stock
The moves are designed to cut its $30 billion debt pile by $10 billion.
Mining giant Glencore announces drastic balance sheet efforts
Switzerland-based Glencore announced today it will:
– Suspend its dividend
– Sell $2.5 billion in stock
The moves are designed to cut its $30 billion debt pile by $10 billion.