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Glencore M&A Firepower Undimmed After $2.9 Billion Dividend

  • Glencore wants to grow its agriculture business, CEO says
  • Standstill agreement with Bunge has ended: Glasenberg
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Glencore Trading Profits Jump on Metals, Raising Dividends

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Glencore Plc surprised investors with a bigger dividend on the back of surging profit and commodity prices, but is still stockpiling cash as dry powder for future deals.

"We’re generating $10 billion of free cash flow on current commodity prices,” said Chief Executive Officer Ivan Glasenberg. “There is room if and when we want to do any acquisitions."