Glencore Facing Possible Hurdle from China over Xstrata Takeover

Bloomberg reported that Glencore’s proposed takeover of Xstrata is coming up against delays from China’s competition regulator, but that talks are expected to resume soon.

As quoted in the market report:

The issue is clearly that China is the world’s largest consumer of copper, so they have a vested interest in it,” Sanford C. Bernstein & Co. analyst Paul Gait said by phone. “If it became necessary to get the deal done, I expect Glencore would be willing to offer some concessions.

To view the whole Bloomberg report, click here.