GLNCY Glencore Plc (PK)

Swiss-based oil trading company Mercuria has hired bankers including Credit Suisse Group AG (CS) for a partial sale, with the bank already canvassing potential investors among private equity firms and sovereign wealth funds, the Financial Times reported Monday on its website, citing unnamed sources.

The deal, expected to take place this year, will likely see two to four institutional investors, the report said. Mercuria has no plans to take the heed of Glencore International PLC (GLEN.LN) with a public listing, according to the report.

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