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Glencore to buy back $1 billion of additional shares

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By Reuters

(Reuters) – Commodities trader and miner Glencore <GLEN.L> said on Tuesday it would buy back additional shares worth up to $1 billion (£763 million), increasing the size of its existing buyback programme which is approaching completion.

Glencore, which said in July it would buy back shares worth up to $1 billion in a programme of purchases running to the end of 2018, said the extended programme would go on until the end of Feb. 20, 2019.

(Reporting by Justin George Varghese in Bengaluru; Editing by Bernard Orr)