CAPITAL MARKETS

Glencore casts HWE lifeline

HENRY Walker Eltin's future was looking improved this morning on news Swiss-based commodities trader Glencore was offering to come to its rescue with a $100 million recapitalisation plan.

Emily Roberts
Glencore casts HWE lifeline

Glencore, which has an existing relationship with HWE at its Jamaican alumina operations, said it would invest $60 million via a convertible preference share placement and underwrite a $40 million rights...

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