08 04 2016

Canada Pension Plan Investment Board acquires 40% stake in Glencore agricultural business for $2.5bn deal

Linklaters has advised mining and commodity trader Glencore on its sale of a 40% stake in its agricultural business to Canada Pension Plan Investment Board.


The deal with CPPIB is a key part of the deleveraging plan launched by the UK-listed company to strengthen its balance sheet. Glencore is targeting $4bn to $5bn of asset sales this year. Glencore plc is an Anglo–Swiss multinational commodity trading and mining companyheadquartered in Baar, Switzerland, with its registered office in Saint Helier,Jersey. The current company was created through a merger of Glencore withXstrata on 2 May 2013. As of 2014, it ranked tenth in the Fortune Global 500list of the world's largest companies. It is the world's third-largest family business. The Linklaters team was led by Corporate partners David Avery-Gee, Charlie Jacobs and managing associate Ian Hunter.   Involved fees earner: David Avery-Gee - Linklaters; Charlie Jacobs - Linklaters; Ian Hunter - Linklaters;

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