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.
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That ruling, however, was made in 2006 before Almunia took up his current brief.
Glencore shares have dropped 3.5% this morning.
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