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‚ÄďSwiss¬†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;

IAIR TV

see all videos

LATEST ISSUE
Powered by Share Trading

Everlasting
POPULAR ARTICLES
Le Fonti IAIR Awards Take Hong Kong By Storm

21/03/2017

Hong Kong has become a city of bright expansion, culture, and futuristic innovation. Fr

Will Brexit break London's place as FinTech Capital?

17/11/2016

Fintech, it’s described as the disruption in financial services pushed by consume

Le Fonti IAIR Awards 2016 celebrates excellences in London.

17/10/2016

On October 14th, 2016, the world’s leading corporate stars aligned for a momentou

IAIR AWARDS 2016 IN NEW YORK: EMONEY ADVISOR, C.A.S.H., CREDIT SUISSE AND CHEETAH MOBILE AMONG THE WINNERS

15/04/2016

More than 19 Excellences in the global economy at the VI Annual Edition of IAIR AWARDS&

IAIR AWARDS & CEO SUMMIT 2015 IN DUBAI

20/11/2015

It took place on 19 November 2015 at Palace Downtown in Dubai the 19th edition of the I