Glencore’s Wild Ride Extends Amid Unit Sale Talks
Glencore Plc jumped the most on record in Hong Kong after reports that the commodities giant is talking to potential buyers for its agriculture business. The stock surged as much as 72 percent to the highest level since Aug. 31 in Hong Kong. Glencore said in a statement on Monday that it wasn’t aware of any reasons for the move, or any information that it was obliged to disclose. Peter Grauer, the chairman of Bloomberg LP, the parent of Bloomberg News, is a senior independent non-executive director at Glencore.