Thursday 28 March 2024
 
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Glencore

Glencore, Qatari fund to buy 19.5pc stake in Rosneft

Glencore, 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).

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Glencore, Qatari fund to buy 19.5pc stake in Rosneft

Glencore, 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).

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Glencore sells agri unit stake for $625m

Glencore 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.

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Glencore sells agri unit stake for $2.5bn

Commodity 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

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Saudi agriculture firm leading Glencore unit bids

Canada 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

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Saudi agriculture firm leading Glencore unit bids

Canada 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

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Glencore loads Iranian fuel oil from Bandar Mahshahr

Anglo-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

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Glencore sees Tripoli-based NOC as sole legal seller of Libyan oil

Commodities 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

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Moroccan refinery's debts highlight oil sector lending dangers

When 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

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Glencore seals Libyan oil deal in scramble for profits

Trading 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.  

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