Glencore International Plc, the largest publicly traded commodity supplier, agreed to buy Viterra Inc. for C$6.1 billion ($6.15 billion) to add grain assets in Canada and Australia as growth in Asia boosts demand.
TORONTO— Viterra Inc. said Tuesday it agreed to be acquired by Glencore International PLC for $6.1 billion Canadian dollars ($6.2 billion), ending a sale process that started two weeks ago and triggered a surge in the Canadian grain-handler's stock.
There was mixed news for a tranche of AIM -listed gold companies, as African Mining & Exploration confirmed that the political unrest in Mali has stabilised, while shares in Greatland Gold slipped as the company issued an operational update.
MELBOURNE Glencore Plc has agreed to sell all the gold and a 30 percent stake in its Ernest Henry copper mine in Australia to Evolution Mining for A$880 million (508.38 million pounds), advancing the Swiss giant's effort to pay down debt.
While Glencore International Plc's purchase of Viterra Inc.'s grain assets in Australia and Canada this month helped spur an 11 percent jump in GrainCorp's shares on takeover speculation, the Sydney-based wheat handler still traded yesterday at 10.7 ...