A year ago Ivan Glasenberg (pictured) was fighting to save his company from short sellers. Today, the CEO of Glencore is back to doing what made his reputation: Cutting deals that shake up global commodity markets.Making a big bet on both the battered oil industry and Vladimir Putin’s Russia, Glencore and Qatar’s sovereign wealth fund joined forces to buy an $11bn stake in Rosneft, the Kremlin-run oil producer that pumps more crude than Exxon Mobil Corp.Although Glasenberg is only committing €300mn ($324mn) of Glencore’s money to the proposed deal – the rest will come from banks and Qatar – his …read more
Source: Gulf times
