Glencore Abandons Plan to Exit Coal as Shareholders Say No

Glencore Plc has abandoned plans to spin off its coal unit just nine months after saying it would exit the profitable but polluting business, after discussions with its shareholders who pushed back against the plan.

By: financialpost.com

Aug 07 2024
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(Bloomberg) — Glencore Plc has abandoned plans to spin off its coal unit just nine months after saying it would exit the profitable but polluting business, after discussions with its shareholders who pushed back against the plan. Read More