Alex Beard, deputy director of Tate and a man with a strong business background, will head the Royal Opera House in London, replacing Tony Hall. He takes over one of the world’s top opera and ballet companies.
Glencore International AG Chief Executive Officer Ivan Glasenberg will own 15.8 percent of the commodities company after its initial public offering this month, which may value his stake at about $9.6 billion.
The Swedish billionaire who took control of the world’s fourth-largest oil trader last week buying out his Russian co-founder may soon look for a new partner. He says the ownership is too concentrated.
Glencore Xstrata Plc, the global commodities trading and mining group, agreed to buy Caracal Energy Inc. for about $1.35 billion to take control of oil and gas assets in the central African nation of Chad.
Exports of liquefied natural gas are contracting for a second year, diminishing the number of available cargoes at a time when companies from Vitol Group to Glencore Xstrata Plc are expanding their trading teams.
Glencore International Plc, the commodities company that sold $10 billion of stock in the world’s biggest initial share sale this year, ended its first trading day in London at the same price offered to investors.
Glencore International AG’s initial public offering may value Chief Executive Officer Ivan Glasenberg ’s stake at $9.6 billion, more than Google Inc. and Blackstone Group LP’s founders reaped in their IPOs.