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.
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
AB
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
How taking a two-year career break could leave a £26k hole in your pension
Career breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time
-
Cash in on your attic: Thousands could be sitting dormant in your storage
Selling your valuables at auction could be far more lucrative than you think. We take a look at how auctions work, and some tips to help you maximise your profits