Ivan Glasenberg, CEO of Glencore International, is looking to invest up to $54 million, the value of his interim Glencore dividend, back into the Swiss company, The Wall Street Journal reports. Last week, he bought about $15.47 million of Glencore shares.
Glasenberg acquired 2.25 million shares. He is set to get a Glencore interim dividend payment on September 30 of $54 million based on his approximate 15.7 percent equity holding in the commodities firm.
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