| Re: Glencore - IPO
March 17 (Bloomberg) -- Glencore International AG, the largest commodities trader, lost $3.8 billion in the value of its listed mining holdings over the past month as stocks fell, threatening plans for a share sale as its valuation slides.
The value of Glencore’s 10 largest holdings, including a 34 percent stake in Xstrata Plc, slumped 12 percent from Feb. 14 to $28.2 billion yesterday, exceeding the 6.3 percent drop in the MSCI World Index in the period. Stocks fell this week on concern a nuclear accident outside Tokyo may harm the global economy.
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