Glencore, the mining and energy giant, said Tuesday that its agriculture business had made an informal takeover approach to the commodity company Bunge Limited.
The talks are at a very early stage and may not result in a deal. If it is consummated, the transaction will make Glencore a large player in the United States market for buying and selling agriculture commodities, namely grain.
Glencore, which is based in Baar, Switzerland, said that its agriculture joint venture, Glencore Agriculture Limited, had approached Bunge “regarding a possible consensual business combination.”
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