The European Commission on Thursday confirmed that Glencore and Xstrata have received regulatory approval to proceed with their recommended all-share merger of equals.
Glencore has explained nonetheless that the merger remains conditional upon the receipt of the outstanding regulatory approvals in China and South Africa.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
IFS: Ditch the triple lock and promise never to means-test the state pensionAs part of a blueprint to make us richer in retirement, the Institute for Fiscal Studies is urging the government to reform the state pension and hike pension contributions for high earners
-
‘I transformed my £7,000 pension pot into £420,000 in 20 years after a worrying wake-up call’After spending years neglecting his provisions for retirement, a worrying look into the future prompted a pension saver to take action
