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Revolving Doors: Fresh woes for Shearman as M&A head Cheveley exits as restructuring and lev fin fuel City investment

The merger talks-prompted exodus from Shearman & Sterling continued in recent days with the loss of EMEA and Asia M&A head Philip Cheveley to Sidle

Glencore Plans To Sell Some Shares

Glencore Plans To Sell Some Shares

Mining and trading company Glencore PLC, dashing to decrease its debt, is pondering how to empty assets during a period when commodity deals are going away and is considering selling its agriculture infrastructure to sovereign-wealth funds and sovereignty deals on its gold assets. Glencore, whose stock as of late has been assaulted, declared a plan in September to lessen its $30 billion net debt by $10 billion before one year from now’s over. It has accomplished about $5 billion through slicing its profit and issuing new shares and wants to accomplish another $5 billion in resource deals and cost cuts.…

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