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 moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
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.