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 has no plans to move into any commodities it does not already trade.
CEO Ivan Glasenberg was speaking a day after US grains trader Bunge said it was not in talks with Glencore, while Glencore said it had made an informal approach to discuss “a possible consensual business combination”.
