Xstrata and Glencore discuss merger of equals

Speculation that a merger of Swiss commodities giants Glencore and Xstrata could be on the cards has proved on the money, with Xstrata confirming that it is in talks about a merger of equals with its largest shareholder.

Speculation that a merger of Swiss commodities giants Glencore and Xstrata could be on the cards has proved on the money, with Xstrata confirming that it is in talks about a merger of equals with its largest shareholder.

A merger of mining outfit Xstrata and commodities trader Glencore could create a leviathan valued at around £52bn which, in market capitalisation terms at least, would make it the second-largest mining firm listed on the London Stock Exchange, behind Rio Tinto (£57.1bn) but ahead of BHP Billiton (£45.9bn) and Anglo American (£36.2bn).

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