Sat, Mar 7, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | M&A more

Xstrata-Glencore merger backed by European Commission

Posted on 23 November 2012

The European Commission has given its backing to commodities giant Glencore’s $31bn (£19.5bn) bid to take over mining firm Xstrata. But as a condition, Glencore must scrap an exclusive deal with Nyrstar, the world’s largest zinc metal producer, and sell its 7.8% stake in the firm.
Both Xstrata and Glencore shareholders have already voted overwhelmingly to merge the two companies. The deal still requires regulatory approval in China and South Africa………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39533 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031