Glencore doesn't believe any buyers would pay fair value in current market

The board of Glencore would hear out any takeover bids that offered to takeover the entire company, but the commodities giant does not anticipate that any buyers would be willing to pay fair value for the business amid current market conditions, it was reported over the weekend.

The Telegraph wrote that chief executive Ivan Glasenberg is due to meet with his senior management team this week as they prepare to reassure investors the company is financially secure after a number of analysts warned a further decline in commodity prices could see the collapse of Glencore's equity value.

The group's house broker, Citigroup, has said taking the group private is a possible option.

The newspaper also reported that the company was believed to be in talks with sovereign wealth funds from both Asia and the Middle East about the potential sale of a minority stake in its agricultural commodities business, a move that could generate in the region of $2bn.