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Glencore, Qatari fund to buy 19.5pc stake in RosneftGlencore, a global natural resource company, is in final-stage negotiations to acquire, as part of a consortium with the Qatar Investment Authority a 19.5 per cent stake in Russia’s oil giant Rosneft for €10.5 billion ($11.3 billion). More… |
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Glencore, Qatari fund to buy 19.5pc stake in RosneftGlencore, a global natural resource company, is in final-stage negotiations to acquire, as part of a consortium with the Qatar Investment Authority a 19.5 per cent stake in Russia’s oil giant Rosneft for €10.5 billion ($11.3 billion). More… |
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Glencore sells agri unit stake for $625mGlencore has agreed to sell a 9.99 per cent stake in its agricultural business to British Columbia Investment Management Corp for $624.9 million, as it continues a push to sell up to $5 billion worth of assets this year to help cut debt. More… |
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Glencore sells agri unit stake for $2.5bnCommodity miner and trader Glencore has agreed to sell 40 per cent of its agricultural unit to Canada's state pension fund for $2.5 billion, the company's latest step to cut debt and soothe investor concerns about the impact of weak comm More… |
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Saudi agriculture firm leading Glencore unit bidsCanada Pension Plan Investment Board and state-owned Saudi Agricultural and Livestock Investment Company (Salic) are among the lead bidders for a minority stake in the agriculture unit of Glencore, Bloomberg reported. A Saudi j More… |
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Saudi agriculture firm leading Glencore unit bidsCanada Pension Plan Investment Board and state-owned Saudi Agricultural and Livestock Investment Company (Salic) are among the lead bidders for a minority stake in the agriculture unit of Glencore, Bloomberg reported. A Saudi j More… |
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Glencore loads Iranian fuel oil from Bandar MahshahrAnglo-Swiss commodity trader Glencore has chartered a ship to load Iranian fuel oil at the Iranian port of Bandar Mahshahr in a move that signals the return of legitimate Iranian crude and oil products to international markets. &n More… |
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Glencore sees Tripoli-based NOC as sole legal seller of Libyan oilCommodities trader Glencore said it recognises Libya's Tripoli-based National Oil Corp (NOC) as the sole legal marketer of the country's oil, after securing an export deal earlier this year with the state-run company. &nbs More… |
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Moroccan refinery's debts highlight oil sector lending dangersWhen Morocco's only oil refinery suspended production in early August due to financial difficulties, it owed $450 million to trading houses, including Glencore, Vitol and BB Energy, according to traders and refinery sources familiar with t More… |
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Glencore seals Libyan oil deal in scramble for profitsTrading house Glencore has secured a deal to buy as much as half of the oil Libya is currently exporting, market sources said, as it looks to boost trading to help offset flagging profits from mining. More… |
