Deals
For Glencore’s Next Move Watch Agriculture Rather Than Iron
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With only one acquisition in the past 11 months, Glencore Plc’s billionaire chief Ivan Glasenberg is in the midst of a deal-making drought.
As the industry awaits his next move, the focus has been on whether he’ll make another run for the world’s second-biggest miner Rio Tinto Group, which spurned an approach last year. Underpinned by a stellar $800 million increase in profits from the division last year, agriculture may offer a more tempting expansion opportunity for the company.