Glencore extends Xstrata merger deadline
Tuesday 11 December 2012
Lengthy antitrust regulatory processes in China and South Africa have forced commodities trader Glencore to delay the date for completion of its tie-up with miner Xstrata until the end of January.
South Africa's competition authorities have postponed hearings on the $33bn (£20bn) deal until 18 January, after the parties asked for more time to prepare.
Glencore said yesterday its "long stop date" was now 31 January, a month later than previously planned.
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