Glencore offloads logistics stake
Multinational 
BAAR, April 3, 2017 – Trading company Glencore on Friday said it had sold a 51% share in its products and logistics business to a Chinese entity.
Expected to close in the second half of the year, the transaction with HNA Innovation Finance is valued at USD 775 million. The unit will continue to operate as HG Storage International, Glencore said.
Dutch banking group ING was involved in the deal as sell-side advisor.
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