Glencore
Glencore’s move last week to sell most of its stake in Russian oil major Rosneft to Chinese conglomerate CEFC is eliciting admiration from the Swiss oil trader’s rivals.
Glencore didn’t disclose financial targets for the proposed sale.
Glencore said on Thursday it had signed agreements to buy a 49 percent stake in coal mines in Australia's Hunter Valley for just over $1.1 billion.
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