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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Glencore plc    GLEN   JE00B4T3BW64

GLENCORE PLC

(GLEN)
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Glencore : Says Swiss AG Opens Criminal Investigation of Co.

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06/19/2020 | 01:57pm EDT

By Stephen Nakrosis

Glencore PLC on Friday said it was informed by the Office of the Attorney General of Switzerland that a criminal investigation has been opened against the company.

According to the company, the AG's office said it "opened a criminal investigation into Glencore International AG for failure to have the organizational measures in place to prevent alleged corruption in the Democratic Republic of Congo currently under investigation by the OAG."

Glencore said it would cooperate with the investigation.

In December, The Wall Street Journal reported the U.K.'s Serious Fraud Office was "investigating suspicions of bribery 'in the conduct of business by the Glencore group of companies, its officials, employees, agents and associated persons.'"

In July 2018, The Wall Street Journal reported Glencore said it "received a subpoena from U.S. authorities related to compliance with American corruption and money-laundering laws at its operations in Congo, Nigeria and Venezuela."

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
GLENCORE PLC -1.08% 176.64 Delayed Quote.-24.20%
SILVER -0.51% 19.0083 Delayed Quote.5.38%
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Financials (USD)
Sales 2020 182 B - -
Net income 2020 654 M - -
Net Debt 2020 31 330 M - -
P/E ratio 2020 35,7x
Yield 2020 3,62%
Capitalization 29 589 M 29 737 M -
EV / Sales 2019
EV / Sales 2020 0,33x
Nbr of Employees 89 092
Free-Float 75,5%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 2,62 $
Last Close Price 2,24 $
Spread / Highest target 62,6%
Spread / Average Target 16,8%
Spread / Lowest Target -68,3%
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NameTitle
Ivan Glasenberg Chief Executive Officer & Executive Director
Anthony Bryan Hayward Independent Non-Executive Chairman
Steven F. Kalmin Chief Financial Officer
Peter Roland Coates Non-Executive Director
Leonhard Heinrich Fischer Independent Non-Executive Director
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