Glencore Copper Head Buys $70 Million London Apartment

Bloomberg reported that Telis Mistakidis, head of copper mining and trading at Glencore( LSE:GLEN) has paid 46 million pounds, or $70 million, for an apartment in London. The high-priced piece of real estate is in the city’s upscale Belgravia district.

As quoted in the publication:

Telis Mistakidis, whose 3 percent stake in the Swiss commodities trader is valued at about 1.2 billion pounds, bought the property in October last year, according to a filing to the Land Registry. Mistakidis is Glencore’s fifth-largest shareholder according to data compiled by Bloomberg, and received a $70 million dividend payment last year.

Click here to read the full Bloomberg article.