Linklaters has advised mining and commodity trader Glencore on its sale of a 40% stake in its agricultural business to Canada Pension Plan Investment Board (CPPIB).

The deal with CPPIB is a key part of the deleveraging plan launched by the UK-listed company to strengthen its balance sheet. Glencore is targeting $4bn to $5bn of asset sales this year.

The Linklaters team was led by Corporate partners David Avery-Gee, Charlie Jacobs and managing associate Ian Hunter.