Glencore trims Century Aluminum stake below 30% in $327 million share sale
Glencore cut its stake in Century Aluminum to 29.99% after selling 6.3 million shares at $51.75 each in a block trade, according to an SEC filing. Century warned it will restate several years of financials due to changes in Jamalco joint venture accounting. Glencore remains Century’s largest shareholder. The sale was valued at about $327 million.