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: [phone]                       t: [phone]

m: [phone]                     m: [phone]

e: [e-mail]            e:[e-mail]

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

t: [phone]                        t: [phone]                             Guy Lamming

m: [phone]                      m: [phone]                           Dorothy Burwell

e: [e-mail]        e: [e-mail] t:            [phone]

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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