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Glencore to sell stake in agri business to CPPIB for $2.5 bln

Published 2016-04-06, 03:08 a/m
© Reuters.  Glencore to sell stake in agri business to CPPIB for $2.5 bln
GLEN
-

April 6 (Reuters) - Global miner Glencore GLEN.L said it
had agreed to sell a 40 percent stake in its agricultural
business to Canada Pension Plan Investment Board (CPPIB) for
$2.5 billion.
Glencore said it expects the deal to close during the second
half of 2016 and that it will use the proceeds to reduce debt.

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