Glencore Sells $326.9M in Century Aluminum Stock, Retains 29.99% Stake

summarizeSummary

Glencore International AG sold 6,315,245 shares of Century Aluminum common stock for approximately $326.9 million, reducing its beneficial ownership to 29.99% while affirming continued investment intent.

check_boxKey Events

• Glencore Sells Significant Stake

  Glencore International AG sold 6,315,245 shares of Century Aluminum common stock at a price of $51.75 per share in a block trade on March 4, 2026, totaling approximately $326.9 million.

• Reduced Ownership

  Following the sale, Glencore plc and Glencore International AG now beneficially own an aggregate of 29,690,702 shares, representing 29.99% of Century Aluminum's outstanding common stock.

• Continued Investment Intent

  The reporting persons stated they remain confident in the company's management and outlook, and intend to continue holding common stock for investment purposes, while reserving the right to make further transactions.

auto_awesomeAnalysis

This Schedule 13D/A reports a substantial block sale by Glencore, a major institutional investor, reducing their stake in Century Aluminum. While the sale represents a significant monetization of their investment, Glencore explicitly states continued confidence in the company and remains its largest shareholder with nearly 30% ownership. This transaction follows recent news of Century Aluminum's intent to restate financial results, adding a layer of context to the timing of Glencore's partial exit. Investors should monitor any further changes in Glencore's position and the impact of the financial restatement.