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  2. Share Prices
  3. Glencore Share Price
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  5. Russian court orders Glencore to pay shares worth 114.8 mln euros in Sberbank lawsuit

Pin to quick picksGlencore Share News (GLEN)

Glencore Information

Share Price Information for Glencore (GLEN)

London Stock Exchange
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Share Price: 487.75
Bid: 487.80
Ask: 488.00
Change: -0.15 (-0.03%)
Spread: 0.20 (0.041%)
Open: 489.65
High: 490.55
Low: 485.75
Prev. Close: 487.90
GLEN Live PriceLast checked at -

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Russian court orders Glencore to pay shares worth 114.8 mln euros in Sberbank lawsuit

Mon, 15th Apr 2024 16:24

MOSCOW, April 15 (Reuters) - A Russian arbitration court ruled on Monday that four units of Swiss commodities trader Glencore will pay more than 11.4 billion roubles, or some 114.8 million euros, worth of shares in a lawsuit filed by Sberbank, according to the court.

The payments include 0.57% of shares of Russia's largest oil producer Rosneft and 10.55% of EN+ Group MKPAO , owned by Glencore Group Funding Limited.

It is a second lawsuit Sberbank has filed in Russia against Glencore over unpaid fuel supplies. Last year, the court ordered a subsidiary of Glencore to pay about 118 million euros ($125 million) to Sberbank.

Glencore and Sberbank were immediately available for comment. (Reporting by Reuters; editing by David Evans)

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