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Abu Dhabi's Aabar commits $850mln to Glencore IPO - term sheet

Published 05/04/2011, 03:11 AM
Updated 05/04/2011, 03:16 AM
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HONG KONG, May 4 (Reuters) - Abu Dhabi's Aabar Investments has committed to invest $850 million in Glencore International AG's $10 billion initial public offering, becoming the biggest cornerstone investor in the offering, according to a term sheet seen by Reuters on Wednesday.

Government of Singapore Investment Corp (GIC) was investing $400 million, while BlackRock Inc was investing $360 million, the term sheet showed.

Other cornerstone investors included Credit Suisse Private Bank and Och Ziff, both agreeing to buy $175 million worth of shares, the term sheet showed. For a related story, double-click on [ID:nL3E7G40QD] (Reporting by Elzio Barreto and Denny Thomas)

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