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Glencore reiterates targets net debt of $17-$18 billion

Reuters - UK Focus

BRUSSELS, May 10 (Reuters) - Glencore (Xetra: A1JAGV - news) on Tuesday reiterated it was targeting net debt of $17-18 billion this year, in line with earlier statements and net funding of $32-33 billion.

In a presentation to a conference in Miami, the company also said it was aiming to complete the sales process from $2.6 billion of asset disposals announced in April this quarter.

(Reporting by Barbara Lewis; editing by Robert-Jan Bartunek)