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Glencore sells oil stake for US$775m

Mixed reaction to the cash deal with China's HNA Group

Mining Journal
Glencore is selling 51% of its petroleum storage and logistics business

Glencore is selling 51% of its petroleum storage and logistics business

Shares in Glencore eased 1.37% on Friday’s news to £3.13, although the company is up 12.9% year-to-date, while RBC Europe described the transaction as positive. Glencore, the diversified miner and trader,...

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