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Oil and Gas

Glencore sells warehousing unit Access World

LONDON, Jan 6 (Reuters) - Global Capital Merchants said on Friday it had acquired Glencore’s warehousing and logistics unit Access World Group, which was founded in 1933 and acquired by the London-listed miner in 2010.

Global Capital Merchants did not disclose how much it had paid for the unit.

Access World Group currently operates a network of port and warehouse facilities in key locations in the Americas, Asia, Europe, the Middle East, and Africa, the company said in a release.

Global Capital Merchants is incorporated in the British Virgin Islands. (Reporting by Pratima Desai; editing by Susan Fenton)

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