Reuters ahead on key Glencore ownership stakes

As commodities trader Glencore prepared to publish the prospectus for its $11 billion London and Hong Kong listing, the key number everyone wanted to know was how big a stake Chief Executive Ivan Glasenberg owned and just how rich that would make the former coal trader. Reuters tapped sources on May 4 to provide clients with this information more than 20 minutes ahead of Bloomberg and was unmatched by Dow Jones. Reuters also got hold of the complete list of stakes held by other top Glencore executives, all but one set to become paper billionaires. The much anticipated detail on the potential riches of Glencores top management led the story in every British newspaper which wrote about the float, set to be Londons biggest ever, the following day.