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European Commission confirms approval for Glenstrata merger

The European Commission on Thursday confirmed that Glencore and Xstrata have received regulatory approval to proceed with their recommended all-share merger of equals.

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.

As an aside, Glencore and Xstrata are reported to be considering options to accommodate South African regulators, with clearance possibly to be delayed until January.

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