Glencore International PLC (GLEN.LN) has taken a stake in Brazil iron-ore producer Ferrous Resources Ltd., part-owned by Carl Icahn, and is considering increasing its share, Bloomberg reported Wednesday, citing people familiar with the matter. The commodities titan has agreed to offer further funding by March 31 to help Ferrous develop its Viga mine in exchange for a bigger stake, two people told Bloomberg. Ferrous isn't under obligation to accept the larger bid, they said.

Full story at http://www.bloomberg.com/news/2013-02-27/glencore-said-to-build-stake-in-brazil-iron-ore-producer-ferrous.html

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Glencore (PK) (USOTC:GLNCY)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024 Click aqui para mais gráficos Glencore (PK).
Glencore (PK) (USOTC:GLNCY)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024 Click aqui para mais gráficos Glencore (PK).