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Glencore Not To Sell Metals Warehousing Unit

Commodities trader Glencore is not considering selling its metals warehousing unit.

    Commodities traderGlencoreis not considering selling its metals warehousing unit,Reutersreports. Recently, metals traders had said that Glencore was seeking to sell its warehousing business.

    Glencore had previously planned to combine its recently-acquired Pacorini unit with an outside partner. The metals warehousing division of Pacorini was acquired by Glencore in September 2010.

    Click here for the story fromReuters.

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