EU gives Glencore-Xstrata merger thumbs up

The European Commission has cleared the merger between commodities giant Glencore and mining behemoth Xstrata.

The European Commission has cleared the merger between commodities giant Glencore and mining behemoth Xstrata.

However, the blessing for the $31bn deal comes with the caveat that Glencore must terminate an exclusive deal it has with Nyrstar, the world's largest zinc metal producer.

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