South African Competition Clears Merger Of Equals Between Glencore & Xstrata

The South African Competition Tribunal has decided to clear the recommended all-share merger of equals between Glencore plc (GLEN.L,GLNCY.PK,GLCNF.PK) and Xstrata Plc (XTA.L,XSRAY.PK,XSRAF.PK).

The closing of the merger remains conditional upon the receipt of the outstanding regulatory approval in China and completion of the Xstrata court process as further set out in the New Scheme Document relating to the merger published by Xstrata on October 25, 2012 and Glencore giving effect to the commitments required by the European Commission.

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by RTT Staff Writer

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