EU gives conditional approval to Glencore-Xstrata deal
- Published: 22 Nov 2012 at 19.47
- Online news: World
The European Commission on Wednesday gave a conditional green light to the massive tie-up between Swiss mining giant Xstrata and commodities trader Glencore that would create a global leader.
The Xstrata mine taken in Carolina, South Africa, in 2007. The European Commission on Wednesday gave a conditional green light to the massive tie-up between Swiss mining giant Xstrata and commodities trader Glencore that would create a global leader.
"The clearance is conditional on the termination of Glencore's off-take arrangements for zinc metal in the European Economic Area with Nyrstar, the world's largest zinc metal producer, and the divestiture of Glencore's minority shareholding in Nyrstar," it said in a statement.
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