The program is set to commence on July 7 and is scheduled for completion in February 2026.
On July 2, Glencore finalized the agreement to transfer Viterra to American Bunge Ltd. Consequently, the firm acquired 16.4% of Bunge shares and roughly $900 million in cash, intended for share repurchase.
In February, the firm previously disclosed a $1 billion repurchase.
In April, Glencore shares dropped to the lowest point in four years due to foreign trade uncertainties and a downturn in the metals market. Since that time, they have regained some ground, yet in the last year, the company has seen a decline of approximately 35% in its market value.
source: reuters.com
