Glencore completes merger. Now what?

May 02, 2013 | 04:27 PM | Claire Hack

Tags  Glencore, Xstrata, merger, Ivan Glasenberg, Steven Kalmin, Claire Hack

LONDON — Given the tight stipulations set out by Chinese and Western regulators, the merger of Glencore International Plc and Xstrata Plc is unlikely to result in an amorphous ravenous beast, as often described in the mainstream media, swallowing up companies and assets at will. So what next for newly merged GlencoreXstrata?

Ever since the merger of the Swiss companies was first mooted, the suggestion has been that the new entity would continue to be acquisitive. The completion of the merger this week was immediately followed by suggestions that the company would look to take over Anglo American Plc.
But the restraints set out by the Chinese Ministry of Commerce, as well as the European Commission and South African authorities, mean GlencoreXstrata is likely to be extremely discerning in choosing new targets. ....

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