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Glencore Expected to Agree to Chinese Concessions to Pave Way for XStrata Deal
Apr. 15, 2013 11:15AM PST
Base Metals Investing Reuters reported that Glencore is widely expected to agree to Chinese concessions in order to complete the Xstrata takeover.
Reuters reported that Glencore is widely expected to agree to Chinese concessions in order to complete the Xstrata takeover.
As quoted in the market report:
Trader Glencore is expected to agree to concessions this week to ease Chinese worries over its grip on the supply of copper, clearing the final regulatory hurdle in its $32 billion acquisition of miner Xstrata.
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