Deals Rumor Mill: Glencore, KKR, Lufthansa

Law360, New York (November 14, 2017, 6:13 PM EST) -- Glencore PLC is nearing a $700 million agreement with the Ontario Teachers’ Pension Plan to launch a new base-metals royalty company, according to a Tuesday report from Bloomberg. The report said Glencore will provide royalty agreements from roughly 10 mines, with Ontario Teachers’ Pension Plan providing around $350 million in capital. That money will be used to buy additional royalty streams from other projects, the report said. Each company will own a 50 percent stake in the new business, the report noted, and a deal could...
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