EU Commission eyes 'Glenstrata' deal, says Telegraph

published 6 February 2012

Glencore may face a regulatory hurdle in its attempted merger with fellow FTSE 100 commodity company Xstrata, reports the Daily Telegraph

The paper claims the European Union's competition Commissioner, Joaquin Almunia, may look into the transaction, although provides no sources for the story.

Because Glencore already has a 34% stake in Xstrata the EU had previously said it viewed the two companies as a single entity, thus removing the need for a competition investigation.