Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Glencore Plc (PK) | USOTC:GLNCY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.1103 | 1.16% | 9.6103 | 9.51 | 9.62 | 9.63 | 9.45 | 9.46 | 725,993 | 18:00:38 |
From Nov 2022 to Nov 2024
1255 GMT - Glencore is among the most mentioned companies across news items over the past 12 hours, according to Factiva data, after the Anglo-Swiss commodity miner agreed with U.S. grain trader and oilseed processor Bunge a merger between the latter and Glencore-backed Viterra. The cash-and-stock deal will see Glencore receive around $3.1 billion in Bunge stock and $1.0 billion in cash for its around 50% stake in agriculture trader Viterra, resulting in Glencore holding 15% of the new company. "The combined group would be a premier pure-play agribusiness solutions company, well placed to meet increased global demand," Glencore Chief Executive Gary Nagle said. The deal puts Glencore firmly on a path to portfolio optimization, Citi Research analysts write in a research note. The merger "should be well received by the market as the market was assigning little/no valuation of it in Glencore," they add. The merger is expected to close in mid-2024. Dow Jones & Co. owns Factiva. (christian.moess@wsj.com)
(END) Dow Jones Newswires
June 13, 2023 09:13 ET (13:13 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Glencore (PK) Chart |
1 Month Glencore (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
