How to resolve AdBlock issue? Glencore announced Wednesday the sale of a 40% stake of their agribusiness to the Canada Pension Plan Investment Board (CPPIB).
The sale, valued at $2.5 billion, signals the beginning of a long-term partnership between Glencore Agri and CPPIB.
Commenting on the Transaction, Chris Mahoney, CEO of Glencore Agri, said:
“This is an important day in the evolution of Glencore Agri, and we look forward to working with CPPIB to continue to build the Glencore Agri business over the long-term. With the investment potential created by this partnership, and given the existing network of high-quality origination, logistics and port assets in key export regions, the business is now well-placed to take advantage of the significant opportunities that are expected to emerge across the sector in the coming years.”
Read the full press release at Glencore.com
Related Articles
- Why Should I Trust You? Building a brand for knowledgeable advice and protection, agrologists help provide a solution. By AgriBiz Communications Corp.—on behalf of the Saskatchewan Institute of Agrologists As the business adage goes, “A...
- Attracting New Employees As Director of AgCareers.com and CareersInFood.com, Kathryn Doan works on leading and developing companies’ business offerings and connecting people to career opportunities across the whole ag value chain. Ms. Doa...
- Selling Today involves understanding the Evolving Customer Journey Dr. Scott Downey, Director of the Centre for Food and Agricultural Business at Purdue University, coordinates Purdue’s sales and marketing degree program. Downey recently spoke about how selling is evolving, how b...
- CAAR Launches New CAAR Perk$ Partner CAAR is pleased to announce the launch of its newest partner in the CAAR Perk$ Program, Botree. Botree challenges traditional operating procedures and disrupts conventional problem-solving approaches to arrive at ...
- Richardson Buying Two Alberta Retailers Richardson announced on Monday, Aug. 28, that it will buy Webb's Crop Services Ltd. at Vermilion and Agro Guys Inc. at Forestburg. Both deals are expected to close Thursday, Aug. 31. Agro Guys began operations in ...
Join the discussion...
You must be logged in as a CAAR member to comment.
Report
My comments