Russian court orders Glencore to pay shares worth 114.8 mln euros in Sberbank lawsuit

En+ MKPAO

15/04/2024 15:49

MOSCOW, April 15 (Reuters) - A Russian arbitration court
ruled on Monday that four units of  Swiss commodities trader
Glencore  GLEN.L  will pay more than 11.4 billion roubles, or
some 114.8 million euros, worth of shares in a lawsuit filed by
Sberbank  SBER.MM , according to the court.
    The payments include 0.57% of shares of Russia's largest oil
producer Rosneft  ROSN.MM  and 10.55% of EN+ Group MKPAO
 ENPG.MM , owned by Glencore Group Funding Limited.    
    It is a second lawsuit Sberbank has filed in Russia against
Glencore over unpaid fuel supplies. Last year, the court ordered
a subsidiary of Glencore to pay about 118 million euros ($125
million) to Sberbank.
    Glencore and Sberbank were immediately available for
comment.

 (Reporting by Reuters; editing by David Evans)
 ((vladimir.soldatkin@thomsonreuters.com; twitter:
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