New Market Research Report: Glencore & Xtsrata: Creating the Fourth Largest Global Mining Company
Glencore International, a commodity trading giant, is seeking to merge with mining company Xstrata. The move was announced in February 2012 with the proposal accepted by shareholders in November 2012. The deal is worth $31bn and would create the fourth largest mining company in the world. The company would also possess leading positions in power generation and agricultural products.
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