Glencore on FTSE 100 fast track

Comments (0) | 14 Apr 2011 | Rating | Print by Tim Human

World’s largest commodities trader to use a little known rule to immediately enter London’s blue-chip index following its IPO

Glencore is set to be fast-tracked into the FTSE 100 following its initial public offering in May.

Normally companies must wait until the FTSE’s quarterly reshuffle to enter the blue-chip index, but the commodities trader expects to join straight away through the ‘fast track entry rule’.

This rule allows ...

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