CPPIB, Saudi investor leading Glencore unit bids: 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, Reuters reported, citing a Bloomberg story. Baar, Switzerland-based Glencore aims to slash net debt to between US$17 billion and US$18 billion by the end of 2016, US$1 billion more than previously planned, by offloading more assets amid a prolonged commodities rout.
4 March 2016•1 min read
