Glencore’s crop unit rebrands as Viterra, stirring spinoff speculation

“A few years ago, three years ago in fact, we started our separation from Glencore, ” David Mattiske, who became chief executive officer of the unit last year, said in a video shared with employees and seen by Bloomberg.

SYDNEY: Glencore Plc’s global agriculture unit will rebrand its business by changing its name to Viterra later this year.

The unit will adopt the name of the company that the world’s biggest commodity trader bought in 2012, according to a statement on Wednesday. The move comes four years after Glencore sold almost half of its agribusiness to the Canada Pension Plan Investment Board and British Columbia Investment Management Corp.