Glencore Xstrata to Sell Joe White Maltings to Cargill for Undisclosed Sum
August 05 2013 - 1:37AM
Dow Jones News
LONDON--Commodities company Glencore Xstrata PLC (GLEN.LN)
Monday confirmed that it has entered into an agreement to sell Joe
White Maltings, Adelaide, Australia, to Cargill Incorporated.
MAIN FACTS:
-Joe White was acquired by Glencore as part of the Viterra
acquisition.
-Sale is subject to standard regulatory approvals and
satisfaction of other customary closing conditions and is expected
to close by the end of fourth quarter.
-No financial details of the sale were disclosed.
-Shares of Glencore Xstrata on Friday closed at 288 pence,
valuing the company at GBP38.18 billion.
-Write to Tapan Panchal at tapan.panchal@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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