Industrial Metals

Reuters reported that a hearing from the South African competition tribunal regarding Glencore’s $33 billion takeover of Xstrata has been postponed until January.

Reuters reported that a hearing from the South African competition tribunal regarding  Glencore’s $33 billion takeover of Xstrata has been postponed until January.

As quoted in the market report:

Glencore was expected to defend its case this week after South African power utility Eskom raised concerns the deal could affect its coal supplies, but the hearing was postponed until Jan. 18 after the parties asked for more time to prepare.

To view the whole Reuters report, click here.

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