CRG Lehman Abs WA Mut 22

LONDON--Commodities company Glencore Xstrata PLC (GLEN.LN) Monday confirmed that it has entered into an agreement to sell Joe White Maltings, Adelaide, Australia, to Cargill Incorporated.

MAIN FACTS:

-Joe White was acquired by Glencore as part of the Viterra acquisition.

-Sale is subject to standard regulatory approvals and satisfaction of other customary closing conditions and is expected to close by the end of fourth quarter.

-No financial details of the sale were disclosed.

-Shares of Glencore Xstrata on Friday closed at 288 pence, valuing the company at GBP38.18 billion.

-Write to Tapan Panchal at tapan.panchal@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires