--Commodities giant Glencore plans to buy a 10% stake Cobalt Holdings when the cobalt investment company floats on the London market in May, the Financial Times reports, citing people familiar with the matter.
--Jake Greenberg's Cobalt Holdings seeks to raise 180 million pounds ($232.6 million) in the listing and Glencore has agreed to sell about $200 million of cobalt to the company under a long-term agreement, the FT reports.
--Glencore and Cobalt Holdings declined to comment, the FT said.
Full story: https://shorturl.at/Ed9kW
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
March 10, 2025 12:14 ET (16:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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