M&A

Glenstrata gets European backing

THE European Commission has approved the $A51 billion merger between Xstrata and Glencore International, but has imposed conditions to maintain competitiveness in the zinc sector.

Kristie Batten

Glenstrata gets European backing

The clearance is conditional on the termination of Glencore's zinc offtake arrangements in the European Economic Area with zinc major Nyrstar, as well as the divestment of Glencore's 7.8% shareholding...

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