By Razak Musah Baba
LONDON--Commodities titan Glencore Xstrata PLC (GLEN.LN) said
Thursday the Johannesburg Stock Exchange has approved its
application for a secondary listing on the main board of the JSE
and that trading will start Nov. 13.
Glencore said in September that it intends to make an
application to the JSE for a secondary listing and at that time
said it expected the listing to become effective during the fourth
quarter of 2013.
"Africa is an important and growing market for the group and
South Africa has a strong institutional investor base," the company
said in September.
Glencore's primary listing will continue to be on the London
Stock Exchange and it has a secondary listing on the Hong Kong
Stock Exchange.
Around 1323 GMT in London, Glencore Xstrata PLC shares were
trading down 2.0 pence, or 0.5%, at 343.0 pence, valuing the
company at 45.77 billion pounds ($73.41 billion).
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
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