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Glencore in talks to sell further stake in ag unit

By Clara Denina, Sarah McFarlane May 6, 2016

London | Reuters — Commodity trader and miner Glencore is in talks to sell a further 9.9 per cent stake in its agricultural unit, negotiating with bidders that missed out on the 40 per cent sold to the Canada Pension Plan Investment Board (CPPIB), two sources with knowledge of the matter said. Glencore, whose ag […] Read more

Canola, Crops, Markets, Reuters

China may pay more for canola if standard changes

By Rod Nickel April 7, 2016

Winnipeg | Reuters –– Richardson International, one of Canada’s two largest grain handlers, may raise the price of canola shipments to China to reflect Beijing’s costly higher standard, its CEO said Thursday. The Chinese Embassy in Ottawa said in March that China had delayed to Sept. 1 its new standard for no more than one per […] Read more

Crops, Markets, Reuters

Glencore sells 40 per cent of agribusiness to CPP

By Dmitry Zhdannikov April 6, 2016

London | Reuters –– Commodity miner and trader Glencore has agreed to sell 40 per cent of its agricultural unit to Canada’s state pension fund for US$2.5 billion, the company’s latest step to cut debt and soothe investor concerns about the impact of weak commodity prices. The sale values the agricultural unit as a whole […] Read more

Crops, Reuters

CPP reported in talks for stake in Glencore agribusiness

By Reuters April 5, 2016

Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at […] Read more

Viterra, whose Outer Harbour terminal in Adelaide, Australia is shown here, has been part of Glencore’s stable of ag assets since late 2012. (Glencore.com)

Crops, Reuters

CPP, Saudi firm are lead players in bid for Glencore

By Arathy S Nair March 4, 2016

Bengaluru/Reuters – Canada Pension Plan Investment Board and state-owned Saudi Agricultural and Livestock Investment Co are among the lead bidders for a minority stake in the agriculture unit of Glencore Plc, Bloomberg reported on Friday. The firms are presenting final bids for the unit this month and Glencore is open to selling stakes to more […] Read more

Crops, Markets, Reuters

Glencore to cut more debt as 2015 profit falls

By eric-onstad March 1, 2016

London | Reuters — Glencore stepped up its debt reduction plan on Tuesday by promising to offload more assets to shore up its finances to cope with a commodities rout that wiped around a third off its 2015 profit. The Swiss mining and trading house, whose agricultural arm includes Canadian grain handling giant Viterra, aims […] Read more

Canola, Crops, Markets

Ex-Legumex crush plant gets new owners, supply deal

By Canadian Cattlemen Staff January 5, 2016

Canada’s top grain handler is set to start feeding canola to a U.S. West Coast crushing plant now half-owned by the Prairie company’s parent firm. Regina-based Viterra, the grain handling arm of multinational commodity firm Glencore, on Tuesday announced a supply and marketing deal with Pacific Coast Canola (PCC), a next-to-new crush plant at Warden, Wash., […] Read more

Crops, Markets, Reuters

Glencore shares jump on debt reduction moves, spending cuts

By olivia-kumwenda, GFM Network News December 10, 2015

Johannesburg | Reuters –– Glencore has increased its debt reduction target and deepened its capital spending cuts, stepping up its response to lower commodity prices and boosting its battered shares by 12 per cent on Thursday. The mining and commodities trading firm and owner of Canadian grain handler Viterra said it was targeting net debt […] Read more

G3 CEO Karl Gerrand, shown here in April in Winnipeg, said the company isn’t particularly interested in making a move on Glencore’s Viterra assets. (Dave Bedard photo)

Crops, Markets, Reuters

Not much interest in Glencore ag assets at grain firm G3

By Rod Nickel October 13, 2015

Winnipeg | Reuters –– Grain handler G3 Canada, a joint venture between a Saudi Arabian firm and Bunge Ltd., doesn’t have much interest in bidding for a stake in rival Glencore’s agricultural business, its chief executive said Tuesday. Swiss-based Glencore, the trader and miner whose shares have been battered by the commodities slump, is looking […] Read more

Crops, Markets, Reuters

Glencore reported in talks on agriculture assets

By Clara Denina, Euan Rocha, Sarah McFarlane October 2, 2015

Reuters — Glencore is in talks with a Saudi Arabian sovereign wealth fund and China’s state-backed grain trader COFCO, along with Canadian pension funds, to sell a stake in its agricultural assets, sources familiar with the matter told Reuters. Selling assets is one prong of a wider strategy by the Swiss-based trader and miner to […] Read more

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Tag Archives Glencore

Glencore in talks to sell further stake in ag unit

China may pay more for canola if standard changes

Glencore sells 40 per cent of agribusiness to CPP

CPP reported in talks for stake in Glencore agribusiness

CPP, Saudi firm are lead players in bid for Glencore

Glencore to cut more debt as 2015 profit falls

Ex-Legumex crush plant gets new owners, supply deal

Glencore shares jump on debt reduction moves, spending cuts

Not much interest in Glencore ag assets at grain firm G3

Glencore reported in talks on agriculture assets

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