The company said a US listing wouldn’t have increased shareholder value, with its chief executive officer noting it was unlikely the mining giant would have gained inclusion in the S&P 500.
Joining the index would require funds tracking the benchmark to buy and hold Glencore shares, bolstering the company’s valuation. Yet to be added to the S&P 500, a company must be domiciled in the US, according to S&P Dow Jones Indices, and Glencore doesn’t meet that criteria.
The decision to stay in ...