Chicago/Reuters – Bunge Ltd kept the door open on Wednesday to a sale of the company as it reported a 34 percent drop in quarterly earnings and cut its full-year […] Read more
Tag Archives glencore
Bunge leaves door open to selling itself, cuts 2017 forecast
Glencore seen paying up to US$6 billion in possible Bunge deal
London | Reuters –– Miner and trader Glencore may pay up to US$6 billion in cash in a possible tie-up with U.S. grains trader Bunge based on current valuations, Moody’s […] Read more
Glencore looking to expand agriculture business, CEO says
Cham, Switzerland | Reuters –– Miner and trader Glencore is looking to expand its agriculture business via its partnership with two Canadian funds, the company’s CEO said on Wednesday, but […] Read more
Glencore approaches Bunge on possible takeover
Reuters — Glencore Plc said on Tuesday its agricultural unit has made an informal approach to commodities trader Bunge Ltd. about a “possible consensual business combination,” the company said in […] Read more
U.S. agribusiness deal not a priority for Glencore
Lausanne | Reuters — Glencore does not see further consolidation in agricultural commodities as straightforward and views a U.S. acquisition as less crucial than in the past, the group’s agriculture […] Read more
Glencore ready for deals and dividends after profit boost
London | Reuters –– Commodities trader and miner Glencore reported an 18 per cent rise in full-year profit on Thursday, buoyed by a rebound in raw materials prices, and said […] Read more
Viterra results offset Glencore’s improved year-end
Commodity giant Glencore’s efforts to ratchet down its debts paid off in fiscal 2016 — though “challenges” weighed on the ledger for its Viterra grain handling arm. Swiss-based Glencore on […] Read more
Glencore sees renewables not cost competitive until mid-century
London | Reuters — Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organizations forecast and supporting the mining […] Read more
Viterra plans new elevator in eastern Saskatchewan
Glencore’s Prairie grain handling arm Viterra plans to boost its throughput capacity in east-central Saskatchewan with a new elevator at Wadena. Wadena, served by both Canadian National and Canadian Pacific […] Read more
Viterra books lower first-half revenues for Glencore
“Average” crops and lower prices on the Prairies in the first half of 2016 led to results “substantially below” those in the year-earlier period for Viterra’s Canadian operations. Viterra’s owner, […] Read more