Radar > 234383

Glencore could acquire Anglo American's stake in Cerrejón

Glencore podría comprar participación de Anglo American en Cerrejón

Intel ID : 234383
Synopsis

Glencore (LON:GLEN), a Switzerland-based mining company, could acquire the 33.3% stake held by Anglo American (LSE:AAL) in Colombia-based mining company Cerrejón, where it already owns another third, reported Bloomberg on 1 March, 2016, citing Glencore CEO, Ivan Glasenberg.

Should Anglo American carry out the sale of its stake, both Glencore and Australia-based BHP Billiton (ASX:BHP), which holds the remaining 33.3% in Cerrejón, have a right to acquire the UK-based company's percentage, noted Glasenberg. The executive added Glencore would prefer to acquire the stake jointly with BHP.

Lastly, Glasenberg explained that Glencore analyzes all merger and acquisition opportunities that may arise, as long as the transactions do not affect the company's balance. He added Cerrejón is an opportunity it won't overlook if it gets the right price.

Cerrejón, based in Bogota, is a coal mining company.
(content in spanish)

Glencore (LON:GLEN), minera suiza, podría comprar la participación de 33,3% de la minera británica Anglo American (LSE:AAL) en la colombiana Cerrejón, donde ya es dueña de otro tercio, según ha informado la agencia Bloomberg el 1 de marzo de 2016, citando al CEO de Glencore, Ivan Glasenberg.

Si Anglo American realiza la venta de su participación, tanto Glencore como la australiana BHP Billiton (ASX:BHP), que es dueña del 33.3% restante de Cerrejón, tienen derecho a adquirir el porcentaje de la británica, ha señalado Glasenberg. El ejecutivo ha añadido que Glencore preferiría adquirir la participación conjuntamente con BHP.

Por último, Glasenberg ha explicado que Glencore analiza todas las oportunidades de adquisición y fusión que se le presentan, siempre y cuando las transacciones no afecten el balance de la empresa. Ha agregado que Cerrejón es una oportunidad que no dejará pasar si consigue el precio adecuado.

Cerrejón, con sede en Bogotá, es una minera de carbón.

Bidder

Glencore
Switzerland

Target

Colombia

Seller

Anglo American
United Kingdom

Intel ID 234383
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Energy and Renewable Energies / Oil and Gas
Natural Resources / Agriculture, Agribusiness, Farming and Fishing
Primary Sector (TTRSC)
55.05.04 Iron & Steel Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Secondary Sectors (TTRSC)
20.02.01 Coal & Lignite Production
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

55.05.08 Specialty Metals & Minerals
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Primary Sector (TTRSC)
20.02.01 Coal & Lignite Production
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Primary Sector (TTRSC)
55.05.06 Precious Metals & Minerals
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Secondary Sectors (TTRSC)
55.05.01 Aluminum Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

55.05.02 Copper & Cobalt Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Primary Sector (TTRSC)
55.05.02 Copper & Cobalt Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Secondary Sectors (TTRSC)
55.05.04 Iron & Steel Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

55.05.08 Specialty Metals & Minerals
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Country
Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.