Switzerland-based global mining and commodities giant Glencore Xstrata today started trading on Johannesburg Stock Exchange, the company said.
The company is among the top three largest listed on the exchange, with a global market capitalisation of 732 billion rand ($70 billion).
This will be Glencore's third listing with its primary listing on the London Stock Exchange (LSE) and having a secondary quote on the Hong Kong Stock Exchange (HKEx).
Ivan Glasenberg, CEO, commented: “Our listing on the JSE is a significant step for Glencore. It not only deepens our relationship with South Africa, it highlights our confidence in Africa as a place to invest. We welcome our new stakeholders and look forward to building long-term mutually beneficial relationships with them.”
Glencore is the 10th company to be listed on the JSE this year.
The share closed at ZAR 5,387, down -1.01%; 51,860,495 shares has been traded today.
