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Glasenberg's creeping acquisitions

Trust Ivan Glasenberg, chief executive of the very acquisitive Glencore, to have a Plan B in his hunt for Rio Tinto. Having failed to orchestrate a merger with Glencore in 2014, he is now buying Rio Tinto piece-by-piece.

Glasenberg's creeping acquisitions Glasenberg's creeping acquisitions Glasenberg's creeping acquisitions Glasenberg's creeping acquisitions Glasenberg's creeping acquisitions

Glencore chief Ivan Glasenberg is picking at Rio bit-by-bit

Perhaps that’s not precisely the right way to describe Plan B but it certainly looks like it after Glencore snatched a 49% stake in an Australian coal-mining business that includes assets sold by Rio

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