Deals
Glencore's Double-Deal Week Adds African Oil and Peru Zinc
- Company enters deal for Chevron South Africa, Botswana assets
- Glencore to also take a bigger stake in Peruvian miner Volcan
on October 30, 2015 in San Francisco, California.
Photographer: Justin Sullivan/Getty ImagesThis article is for subscribers only.
Even for commodities deal king Ivan Glasenberg, it’s been a busy week.
Glencore Plc announced two acquisitions potentially worth as much as $2 billion within days of each other. One to capture a stake in Chevron Corp.’s oil refining and fuel service stations in South Africa and Botswana, the other to take a bigger stake in Latin America’s top zinc miner.