Tribeca Investment asks Glencore to move main listing to Sydney, FT reports

March 13 (Reuters) - Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial Times reported on Wednesday.

Tribeca, an Australian hedge fund, wrote to Glencore's board this week with a list of proposals to boost the share price, which it said had lagged behind rivals since the Swiss commodity giant's public offering in 2011, according to the report, which cited a letter seen by the FT.

The hedge fund also recommended increasing dividends by discontinuing share buybacks and divesting a minority stake in Glencore's lucrative trading division via an initial public offering, the FT said.

Glencore did not immediately respond to a Reuters request for comment.

Last year, a Glencore-led consortium sealed one of the mining sector's biggest deals in years, agreeing to buy Canadian miner Teck Resources' steelmaking coal unit for $9 billion.

The deal had paved the way for an eventual spin-off of the commodity giant's own coal business, highlighting its belief in coking coal's use as the green energy transition moves ahead. (Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Shounak Dasgupta)