That would make it London's biggest stock debut since Glencore in 2011.

这将使其成为自2011年嘉能可(Glencore)上市以来英国规模最大的IPO。

Under his leadership Glencore became a global powerhouse in commodities, expanding from trading into mining.

在他的领导下，嘉能可成为大宗商品领域的全球巨头，从贸易扩张到矿业领域。

Ivan Glasenberg decided to retire as chief executive of Glencore, a job he has held for almost 20 years.

伊凡·格拉森伯格(Ivan Glasenberg)决定退休，他担任嘉能可(Glencore)首席执行官近20年。

Mr Glasenberg's replacement when he steps down next year will be Gary Nagle, who runs Glencore's coal business.

格拉森伯格明年离任后，接替者是加里·纳格尔(Gary Nagle)，他负责嘉能可的煤炭业务。

These firms are part of a group of commodities traders, including Glencore and Gunvor, that often thrive amid geopolitical turmoil.

这些公司隶属于一些大宗商品交易商，其中包括Glencore和Gunvor，这些交易商经常在地缘政治动荡中蓬勃发展。

Harry, before we dive into this 180-turn by Glencore.

哈利，在我们深入探讨嘉能可的这次 180 度大转变之前。

On March 1st Glencore said it was reassessing its equity stakes in EN , an Anglo-Russian aluminium producer, and Rosneft.

3月1日，Glencore表示，它正在重新评估其在EN （一家英俄合营的铝生产商）和Rosneft的股权。

Here to help us understand what Glencore is thinking is the FT's Harry Dempsey.

英国《金融时报》的哈里·登普西 (Harry Dempsey) 将帮助我们了解嘉能可的想法。

And then Glencore ended up reversing course.

但随后嘉能可最终改变了策略。

Glencore switch gives us a look at the ESG backlash.

嘉能可的转变让我们看到了 ESG 的强烈反对。

The likes of Glencore, Vitol, Trafigura, Gunvor.

嘉能可、维多、托克、贡沃尔等。

The flotation could raise as much as 10.6bn euros ($10.5bn), which would make it the biggest stockmarket listing in Europe since Glencore in 2011.

此次发行股份可能筹资高达106亿欧元(合105亿美元)，这将使其成为自2011年嘉能可以来欧洲规模最大的股票上市交易。

On the other hand, when you compare Glencore to others in the mining industry, Rio Tinto has pulled out of coal.

另一方面， 如果将嘉能可与采矿业的其他公司进行比较，力拓已经退出煤炭行业。

Glencore put a dent in its $26 billion debt pile by selling 40% of its agricultural business to Canada's largest pension fund for $2.5 billion.

瑞士大宗商品贸易商嘉能可(Glencore)为削减高达260亿美元的债务，已同意将其40%的农业业务以25亿美元出售给加拿大最大的退休基金会。

Two years after Russia seized Crimea in 2014, Glencore co-invested $11bn to buy part of the Russian government's stake in Rosneft (it has since sold almost all of it).

在俄罗斯于2014年占领克里米亚两年之后，Glencore联合投资110亿美元购买了俄罗斯政府在Rosneft的部分股份（后来该公司几乎将这些股份全部出售）。

Arab oil embargoes, nationalisation of oil production in the Persian Gulf and the arrival of buccaneering trading houses such as Glencore, Vitol and Trafigura saw the Sisters lose their sway.

阿拉伯石油禁运、波斯湾石油生产国有化以及嘉能可、维多和托克等海盗贸易公司的到来，导致姐妹党失去了影响力。

And so Glencore wanted to buy this company, and in order to buy it, it had to show that it had the intention to execute on a similar kind of plan.

因此， 嘉能可想要收购这家公司，而为了收购， 它必须表明自己有执行类似计划的意图。

Gary Nagle, who took over as chief executive last year from Ivan Glasenberg, on whose watch the wrongdoing took place, stressed that Glencore has taken significant steps to enhance its ethics and compliance programme.

去年接替伊万·格拉森伯格(不法行为发生在他的监督下)担任首席执行官的加里·纳格尔强调，嘉能可已采取重大措施加强道德、增强合规计划。

He remained—until 1994, when he sold his stake and his company became the vast, tentacular Glencore—the world's biggest trader of metals and minerals, while darting between Spain, Switzerland and Israel, a citizen of all three.

他一直是世界上最大的金属和矿物贸易商，直到1994年他卖掉了自己的股份，而他的公司成为嘉能可这个涉猎领域广的大公司—全球最大的金属和矿物贸易商。这段期间他在西班牙、瑞士和以色列这几个国家之间奔波，成为这三个国家的公民。