Glencore plc (LSE:GLEN) entered into an agreement to acquire additional 33.3% stake in Carbones del Cerrejon Limited from Anglo American plc (LSE:AAL) and BHP Group (ASX:BHP) for approximately $290 million on June 28, 2021. Glencore and BHP currently each also hold a 33.3% interest in Cerrejón. Glencore intends to acquire both Anglo American's and BHP's interests and will thereby assume full ownership of Cerrejón upon completion. The transaction is subject to approval of competition authority and other regulatory approvals. The transaction is expected to completes in first half of 2022. MIKE LANE, DAVID JOHNSON, HARRY HECHT and Jordan Ellison of Slaughter and May acted as a legal advisor to BHP Group. Shearman & Sterling (London) LLP acted as a legal advisor to Anglo American plc and Lloreda Camacho & Co Abogados acted as a legal advisor to Anglo American plc. The Shearman & Sterling team below was supported by Daniel Senior.