$25bn

Finweek English Edition - - THE WEEK -

Com­modi­ties group Glen­core expects its net debt to fall from around $30bn in Septem­ber to $25bn (R344bn) by the end of 2015, lower than some an­a­lysts ex­pected, through as­set sales and bond re­pur­chases, ft.com re­ported. Glen­core, whose share price has fallen 60% this year be­cause of lower com­mod­ity prices and its high debt lev­els, said its mar­ket­ing arm had a stronger quar­ter, with im­proved con­tri­bu­tions from met­als and min­er­als, and agri­cul­tural prod­ucts.

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