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Canada Pension Plan Investment Board (CPPIB) agreed to acquire a 40% equity interest in Glencore’s (LSE: GLEN) unit Glencore Agri, for $2.5 billion, as previously reported by ExitHub. Glencore was founded in 1974 and is headquartered in Baar, Switzerland. The company was formerly known as Glencore Xstrata plc and changed its name to Glencore plc in 2014. The GRail deal is expected to close on December 1, 2016, subject to Australian Foreign Investment Review Board approval. Bank of America Merrill Lynch served as financial advisor to G&W. Allens served as legal advisor on the GRail acquisition and formation of the GWA partnership, and King & Wood Mallesons served as legal advisor to G&W on the Australian debt financing. Macquarie Capital served as financial advisor to MIRA. and Norton Rose Fulbright served as legal advisor. Photo: Ivan Glasenberg, CEO of Glencore.]]>