Glencore, Mercuria, Trafigura Back Merdeka Hong Kong Listing as Cornerstone Investors in 3-Firm Bet
Updated
Updated · Bloomberg · Jun 16
Glencore, Mercuria, Trafigura Back Merdeka Hong Kong Listing as Cornerstone Investors in 3-Firm Bet
2 articles · Updated · Bloomberg · Jun 16
Summary
Glencore Plc, Mercuria Energy Group and Trafigura Group are planning to buy shares in PT Merdeka Gold Resources’ Hong Kong listing, according to people familiar with the matter.
The three commodity traders are set to join the deal as cornerstone investors, a role that guarantees share allocations in exchange for holding those stakes for a set period.
The planned commitments would give Merdeka support from major global trading houses as it prepares the Hong Kong share sale.
Deliberations are still ongoing, and the investor lineup and other deal details could change before the listing proceeds.