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197 Funds & Investors Filed Lawsuit Against Commodities Giant Glencore for Misleading Investors in 2011 London IPO Prospectus & 2013 Merger with Xstrata, Covered Up Corruption & Bribery Offences in Congo, Africa, South Sudan, Brazil & Venezuel, Oil Price Manipulation in United States, Investors Include Singapore GIC, Norges Bank, Kuwait Investment Authority, Aabar Holdings, HSBC, Fidelity, Vanguard, Abrdn, Invesco, Legal & General, Pension Funds Including Scottish Widows, BP & Shell
1st September 2023 | Hong Kong
197 funds and investors have filed a lawsuit against commodities giant Glencore for misleading investors in the 2011 London IPO prospectus and 2013 merger with Xstrata, covering up corruption & bribery offences in Congo, Africa, South Sudan, Brazil & Venezuel, and oil price manipulation in United States. The investors include Singapore GIC, Norges Bank, Kuwait Investment Authority, Aabar Holdings, HSBC, Fidelity, Vanguard, Abrdn, Invesco, Legal & General, and pension funds including Scottish Widows, BP & Shell. Glencore market value is currently at $66 billion (GBP 53 billion).
“ 197 Funds & Investors Filed Lawsuit Against Commodities Giant Glencore for Misleading Investors in 2011 London IPO Prospectus & 2013 Merger with Xstrata, Covered Up Corruption & Bribery Offences in Congo, Africa, South Sudan, Brazil & Venezuel, Oil Price Manipulation in United States, Investors Include Singapore GIC, Norges Bank, Kuwait Investment Authority, Aabar Holdings, HSBC, Fidelity, Vanguard, Abrdn, Invesco, Legal & General, Pension Funds Including Scottish Widows, BP & Shell “
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