Glencore Tag

As it struggles to convince investors and creditors that it remains a solvent business, beleaguered commodity trading giant Glencore may now raise around US$10bn from asset sales. According to Acquisitions Daily, after Glencore’s shares lost 30% of their value on September 28 – following publication of...

Congratulations to Glencore on finally completing their long-running merger with Xstrata; we wish Ivan Glasenberg and his team the best of luck. It was especially encouraging to see his comments as reported in the Wall Street Journal earlier today (3 May) recognising that deals only add value post-close, so celebrations are by no means in order yet – the hard work is only just beginning.