BHP Doesn't Currently Plan Counterbid for Glencore, Reuters Says, Citing Sources

Dow Jones01-13

--Miner BHP Group isn't currently planning a bid for Swiss commodities company Glencore, which is in talks with Rio Tinto on a possible merger, Reuters reports, citing unnamed sources.

--BHP doesn't consider Glencore complimentary to its business, and isn't interested in its trading arm or coal assets, Reuters reports, citing the sources. However, the miner will wait on the sideline before making its next move, the report says, citing one of the sources.

--A BHP representative declined to comment, the report says.

Full story: https://shorturl.at/zznqI

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

January 13, 2026 02:58 ET (07:58 GMT)

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