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Announced

Completed

Glencore to invest a $200m investment in Li-Cycle.

Financials

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Transaction Value£160m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Friendly

Single Bidder

Environmental / Waste Management

resource recovery

recycling

Canada

Acquisition

Cross Border

Public

Completed

Synopsis

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Glencore, a British–Swiss multinational commodity trading and mining company, agreed to invest a $200m investment in Li-Cycle, a provider of lithium-ion battery resource recovery services and lithium-ion battery recycler. “We are thrilled to have Glencore as a long-term strategic investor and global commercial partner. Bringing our complementary capabilities together will accelerate the path to a circular economy for critical materials in the lithium-ion battery supply chain. These agreements further secure and diversify our lithium-ion battery supply and feedstock sources, competitively positioning our network expansion in North America and Europe," Ajay Kochhar, Li-Cycle Co-Founder and CEO.

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