Glencore Plc (LON:GLEN) has confirmed that all regulatory closing conditions have been satisfied for the merger of Viterra with Bunge and the transaction will close in early July. Glencore will issue a further announcement on closing.
Glencore Plc Viterra-Bunge Merger to close in early July
- Written by: Amilia Stone
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Glencore has reported strong first-half production, left copper, zinc and nickel guidance unchanged, and lifted energy coal guidance mid-points.
Glencore reported 2025 Adjusted EBITDA of $13.5 billion, down 6% year-on-year, with stronger second-half performance driven by improved copper production and metals prices.
Glencore has confirmed it is in early-stage discussions with Rio Tinto regarding a potential combination of some or all of their businesses, which could include an all-share merger.
Glencore has reported a 5% year-on-year increase in copper equivalent production for H1 2025, driven by the integration of EVR’s steelmaking coal volumes. Copper output declined due to planned sequencing, cobalt and zinc production rose.
Glencore Plc has announced that the merger of Viterra and Bunge meets all regulatory requirements, set to finalise in early July.
Glencore Plc's Q1 2025 production report reveals significant changes, including a projected decrease in energy coal and strong expectations for copper production growth.
