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Commodities trader Glencore, is hoping to speed its $33 billion takeover of Xstrata through the last stretch, is expected to offer to sell part of the group’s zinc assets, meeting a midnight deadline to comply with EU antitrust concerns.
Commodities trader Glencore, is hoping to speed its $33 billion takeover of Xstrata through the last stretch, is expected to offer to sell part of the group’s zinc assets, meeting a midnight deadline to comply with EU antitrust concerns.
As quoted in market news:
It’s not a huge part of the business and (zinc metal) is the only area that will see an increase in concentration such that it requires a remedy, I don’t think it is a deal-breaker.
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