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Pin to quick picksGlencore Share News (GLEN)

Share Price Information for Glencore (GLEN)

London Stock Exchange
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Share Price: 492.95
Bid: 492.90
Ask: 493.00
Change: 5.05 (1.04%)
Spread: 0.10 (0.02%)
Open: 489.65
High: 495.00
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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