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Glencore Xstrata PLC (PK) GLCNF

Alternate Symbol(s):  GLNCY

Metals & Mining Copper
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. The company operates in two segments, Marketing Activities and Industrial Activities. It engages in the production and marketing of copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration and production and refining and distribution. The company is also involved in marketing and distributing physical commodities sourced from third party producers to industrial consumers, including the battery, electronic, construction, automotive, steel, energy, and oil industries. In addition, the company provides financing, logistics, and other services to producers and consumers of commodities. Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland.


PINL:GLCNF - Post by User

Glencore Xstrata PLC (PK)
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  • JasleenDhakaX
Post by JasleenDhakaon Apr 04, 2023 2:34pm
239 Views
Post# 35379314

TECK REJECTS

TECK REJECTS

Teck Resources has rejected a US$23B bid from Glencore.

 

Glencore’s offer reflects an EV/R of 2.1x, and an EV/EBITDA of 4.6x, which we note are in line with sector averages. 

Fundamental Research's analysts think that Teck might have entertained the offer if Glencore had offered a premium.

Teck has stated that the offer is opportunistic, and added that the deal exposes its investors to geopolitical risks (due to Glencore’s presence in the DRC), and fossil fuels, such as coal and oil.

Read more on the teck news + mining news of the week + top performers in the mining sector (ALL FOR FREE) : https://www.researchfrc.com/aiw-april-03-2023/


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