bcIMC Buys Minority Stake in Glencore Agri

Posted on 06/09/2016


Glencore Plc is selling a 9.99% stake in its agriculture unit, Glencore Agricultural Products (Glencore Agri), to British Columbia Investment Management Corporation (bcIMC) for US$ 624.9 million payable in cash. The deal values Glencore Agri’s equity at US$ 6.25 billion. Glencore will continue to hold a 50.01% stake in the agriculture business unit. bcIMC will […]