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E.U./Switzerland: Glencore files EU anti-trust notice for Xstrata deal

 |  October 3, 2012

Glencore, a Swiss company specializing in integrated commodities production and markeing, has formally notified the European Commission of its $33 billion plan to take over Xstrata, a Swiss Global diversified mining group.Once the notification has been acknowledged by the Commission, the regulator has 25 days to decide whether to approve, reject or begin an in-depth probe. The taker over would create the world’s fourth largest miner.

Full Content: Reuters

Related Content: Glencore’s $26 billion bid for Xstrata wins ACCC clearance

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