Glencore trims debt by selling nearly 10 percent of agricultural business to B.C. pension fund

Glencore is selling assets with a goal of reducing its net debt to between $17 billion and $18 billion this year.

In April 2016 the company sold a 40 percent stake in Glencore Agri to Canada Pension Plan Investment Board. Now Glencore has agreed to sell a 9.99 percent stake in its agricultural business to a British Columbia pension fund, leaving Glencore with slightly over a 50 percent stake in the business.

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