Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Glencore, Xstrata Merger To Be Notified To European Commission - Quick Facts

Glencore International plc (GLEN.L,GLNCY.PK,GLCNF.PK) issued Xstrata (XTA.L) merger update.

After constructive consultation with the European Commission, the merger of Glencore and Xstrata will be notified to the European Commission under the EU merger regulation. Each of Glencore and Xstrata are familiar with the Commission's merger control process and together look forward to working with the Commission in a process which avoids the need for multiple filings with national Member State authorities.

The parties expect that the merger between Glencore and Xstrata will not result in any negative impact on competition in the commodity markets in which the two companies operate. In fact, the merged firm is expected to be able to offer customers a wider range of products and services and provide improved security of supply to satisfy customer demand.

Click here to receive FREE breaking news email alerts for Glencore International Plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks came under pressure in early trading on Friday and remained firmly in the red throughout the remainder of the trading session. With the losses on the day, the S&P 500 pulled back well off yesterday's record closing high. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border. Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.