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First Reserves sells final $151 million stake in Glencore - bookrunner

LONDON (Reuters) - Investment firm First Reserve is selling the remaining part of its stake in mining company Glencore , and has priced shares in the accelerated bookbuild at 286.75 pence a share, a bookrunner on the deal said on Wednesday.

First Reserve is selling around 34.4 million shares in the company, in a placement run by Deutsche Bank . The price values the share sale at about 98.6 million pounds ($150.96 million).

($1 = 0.6532 pounds)

(Reporting By Freya Berry; editing by Pamela Barbaglia)