Deutsche Bank analysts suggest Glencore may switch primary listing from London to New York due to lack of shareholder support for UK coal business split.
Deutsche Bank analysts predict Glencore may consider switching its primary listing from London to New York, marking a significant exit from the UK exchange. The move could be influenced by a lack of shareholder support for a plan to split off Glencore's coal business and list it separately in New York. The US market is more supportive of fossil fuel companies, while US-listed copper stocks trade at large premiums to UK miners.
April 02, 2024
4 Articles