Post by Jordan Lewis

"Miner and trader Glencore (GLEN.L said on Wednesday that its long-term strategy could involve the sale of its 16.4% stake in enlarged global agribusiness Bunge Global (BG.N),  some time in the future... Glencore became the owner of the 16.4% stake after Bunge closed a long-delayed deal to merge with Glencore-backed grain handler Viterra in July, two years after announcing the $34 billion mega-deal... "The agriculture business is not necessarily consistent with our business model," Glencore CEO Gary Nagle told a media call on Wednesday after the company released its first-half financial results. "Having a 16.4% shareholding in Bunge is probably not something that would be for Glencore in the long term." #commoditytrading #commoditymarkets #agritrading https://lnkd.in/e3RT2MGE