--Glencore PLC is being pressed by an activist investor to spin-off its coal division and reduce production by using a dual-share structure, the Financial Times reports.

--Bluebell Capital Partners, a London-based hedge fund, wrote to the Anglo-Swiss commodity mining and trading company setting out a demerger plan, which involves creating a separate coal company with A and B shares, the Financial Times reports.

--Bluebell had called upon Glencore to separate its thermal coal business in November, arguing it was a barrier to investment, and now says coal makes Glencore less-attractive as a merger or takeover target, the Financial Times reports.

Full story: https://on.ft.com/3BhdLS4

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

February 14, 2022 03:26 ET (08:26 GMT)

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