08:02 AM EDT, 07/14/2026 (MT Newswires) -- The Amsterdam District Court blocked mining giant Glencore's (GLEN.L, GLN.JO) attempt to reclaim its former logistics unit Access World Group by privately transferring the latter's shares to a subsidiary, Reuters reported Tuesday. In its ruling, released during the week of July 6, the court barred Glencore from transferring Access World shares to Tironimus, citing the risk of a conflict of interest. The court said Glencore should sell the shares in a public auction, where Tironimus and other bidders could compete. Glencore declined to comment when reached by MT Newswires. The company is trying to take back Access World after its buyer, Global Capital Merchants, failed to make a repayment on a loan provided by Glencore to help finance the 2022 acquisition.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.