By: Reuters
16th November 2012
 
 
 

LONDON – A top shareholder in Glencore, Abu Dhabi's Aabar Investments, has written off more $392-million of its $1-billion investment in the commodities trader, less than two years after taking part in its record listing.

Aabar, a unit of Abu Dhabi's State-owned International Petroleum Investment, became the largest new shareholder in Glencore when the mining-to-trading giant went public in May 2011, investing $1-billion.

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Sometimes a conference is more than a conference.  Great excuse to accept an invitation to discuss other matters