Glencore Backed Radiant World With Warrants Deal in Late 2025

Glencore Backed Radiant World With Warrants Deal in Late 2025 Glencore Plc last year acquired warrants that would have given it a minority ownership stake in Radiant World, the iron ore trader under pressure amid concerns it provided falsified documents to banks, according to people familiar with the matter. The deal late last year came only a few months before Glencore moved to cut ties with Radiant World, the people said, asking not to be identified as the matter isn’t public. The London-listed commodity giant said earlier this month that it was doing no new business with Radiant World and was working to exit its remaining exposure. Bloomberg previously reported that several commodity traders had seen invoices or other documents that Radiant World had provided to its banks that were not valid.