Glencore announces $1 billion share buyback
Published by Global Banking & Finance Review®
Posted on July 2, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on July 2, 2025
1 min readLast updated: January 23, 2026
Glencore will initiate a $1 billion share buyback next week after Bunge's merger with Viterra, holding 16.4% of the new entity.
(Reuters) -Glencore said on Wednesday it will buy back shares worth $1 billion starting next week following the merger of global agribusiness Bunge Global with its grain handler Viterra.
The miner, which will hold 16.4% of the enlarged company and $900 million in cash, considers NYSE-listed Bunge shares as surplus capital.
(Reporting by Prerna Bedi in Bengaluru; Editing by Leroy Leo)
Glencore announced it will buy back shares worth $1 billion.
The share buyback is set to start next week.
Glencore will hold 16.4% of the enlarged company after the merger.
Glencore considers its NYSE-listed Bunge shares as surplus capital, alongside holding $900 million in cash.
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