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Glencore Xstrata (GLEN)

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Monday 16 September, 2013

Glencore Xstrata

Sale of Dakota Growers Pasta to Post Holdings

RNS Number : 1016O
Glencore Xstrata PLC
16 September 2013
 



16 September 2013

 

 Baar, Switzerland

 

 

 

Sale of Dakota Growers Pasta to Post Holdings

 

Glencore Xstrata plc ('Glencore') confirms that it has entered into an agreement to sell the Dakota Growers Pasta Company ('Dakota Growers') to Post Holdings, Inc ('Post') for $370 million in cash to be paid at the time of closing.

 

Dakota Growers was acquired by Glencore as part of its acquisition of Viterra Inc. The sale of Dakota Growers is subject to the satisfaction of customary closing conditions, including regulatory approvals. The sale is expected to close in January 2014.

 

 

 

 

For further information:

 

Paul Smith (Investors)                       Charles Watenphul (Media)

t: +41 (0)41 709 2487                       t: +41 (0) 41 709 2462

m: +41 (0)79 947 1348                     m: +41 (0) 79 904 3320

e: [email protected]            e:[email protected]

 

Martin Fewings (Investors)                 Elisa Morniroli (Investors)                          Finsbury (Media)

t: +41 (0) 41 709 2880                        t: +41 (0) 41 709 2818                             Guy Lamming

m: +41 (0) 79 737 5642                      m: +41 (0) 79 833 0508                           Dorothy Burwell

e: [email protected]        e: [email protected] t:            +44 (0) 20 7251 3801

 

 

About Glencore Xstrata

Glencore Xstrata is one of the world's largest global diversified natural resource companies. As a leading integrated producer and marketer of commodities with a well-balanced portfolio of diverse industrial assets, we are strongly positioned to capture value at every stage of the supply chain, from sourcing materials deep underground to delivering products to an international customer base. The Group's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries. Our diversified operations comprise over 150 mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. We employ approximately 190,000 people, including contractors.

 

 

 


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