Glencore Credit Rating Could Remain BBB At S&P After Xstrata Deal

Glencore International Plc, seeking a $33 billion takeover of Xstrata Plc by the end of the year, may retain its credit rating at Standard & Poor’s after finishing the deal to create the fourth-biggest miner.

Highlights from market news:

–  Glencore received European Union approval for its takeover of Xstrata last week

–  Glencore is seeking to add Xstrata’s coal, nickel, zinc and copper operations to its cotton-to-crude-oil commodities empire

– S&P estimates the combined company’s earnings before interest, tax, depreciation and amortization this year to be $13 billion to $14 billion

Click here to read full Bloomberg article.

Get the Latest Zinc Investing Stock Information

Get the latest information about companies associated with Zinc Investing delivered directly to your inbox.

Other Companies

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply