$90bn Glencore deal goes to Brussels

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The Independent Online

Glencore and Xstrata set the clock ticking on mining's $90bn (£57bn) mega-merger yesterday, as the duo said they would notify the European Commission over the deal.

Once acknowledged, the Commission has 25 days to decide whether it will approve, reject or investigate the merger, which would create the fourth-biggest resources company in the world. Experts say it is unlikely that the commission will wave through the largest mining takeover without scrutiny.