Deals
Qatar's Wealth Fund Said Interested in Glencore Agriculture Sale
- Glencore looking to sell stake in business to help reduce debt
- Singapore, Mitsui and Canada top pension fund also interested
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The sovereign wealth fund of Qatar has joined investors expressing an interest in buying a minority stake in Glencore Plc’s agriculture business, according to three people familiar with the conversations.
The talks are preliminary and a sale would take as long as six months, said the same people, who asked not to be identified because the matter is confidential. Qatar Holding LLC, the direct investment arm of the Gulf state’s sovereign wealth fund, is already the largest investor in the Swiss-based commodities trader-cum-miner, with an 8.9 percent stake, people said earlier this week.