Glencore reports $7.7B write-down on Xstrata assets

08/20/2013 | Reuters

Glencore Xstrata reported a 9% decline in core profit in the first half-year financial results since the creation of the mammoth commodity group. The firm said it is taking a $7.7 billion write-down on assets acquired from Xstrata when it merged with Glencore.

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