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

Reuters

BRUSSELS (Reuters) - Glencore on Tuesday reiterated it was targeting net debt of $17 billion (12 billion pounds) to $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)