Wednesday, October 31, 2012

Reuters: Regulatory News: EU regulators to decide on Glencore/Xstrata by Nov. 22

Reuters: Regulatory News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com
EU regulators to decide on Glencore/Xstrata by Nov. 22
Oct 31st 2012, 09:10

BRUSSELS | Wed Oct 31, 2012 5:10am EDT

BRUSSELS Oct 31 (Reuters) - EU antitrust regulators extended their review of Glencore's $33 billion bid for miner Xstrata to Nov. 22 after the trader offered concessions to ease concerns over the combined group's potentially large share of the zinc market.

The European Commission said on its website that Glencore submitted its proposals on Tuesday, but it did not provide details about them, in line with standing policy.

A combined Glencore and Xstrata would be the world's No. 1 producer of zinc, which is used in metal alloys and to prevent corrosion.

A person familiar with the matter had told Reuters that the EU competition watchdog told Glencore it wanted concessions in its zinc operations before deciding on the proposed deal.

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

0 comments:

Post a Comment

 
Great HTML Templates from easytemplates.com.