Glencore completes merger. Now what?
May 02, 2013 | 04:27 PM
| 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. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.