Glencore reviews equity stakes in Russian companies En+ and Rosneft

ENPlus

01/03/2022 19:13

March 1 (Reuters) - Miner and trader Glencore  GLEN.L  said
on Tuesday it is reviewing all its business activities in Russia
including its equity stakes in aluminum and hydropower group En+
Group  074610.KS  and oil giant Rosneft  ROSN.MM .
    The London-listed miner has a 10.5% stake in EN+, majority
owner of aluminum producer Rusal, and a 0.57% stake in Rosneft. 
    "We have no operational footprint in Russia and our trading
exposure is not material for Glencore," it also said in a
release.

    
    

 (Reporting by Clara Denina)
 ((Clara.Denina@thomsonreuters.com;))