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“Glenstrata” fusion approved by shareholders

Posted on 21 November 2012

Xstrata shareholders have rubber-stamped the takeover of the mining group by commodities trader Glencore to create a $70 billion industry giant. Glencore and Xstrata shareholders approved the transaction at two separate meetings in Zug on Tuesday. Completion of the deal is still subject to approvals by regulators including the European Commission.
The merger will create an international powerhouse company that will control both the extraction of many raw materials – particularly minerals – and their distribution around the globe………………………………………Full Article: Source

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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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