By using this website, you agree to our use of cookies to enhance your experience.
We have 1 guests online 
Sign up

Glencore and Xstrata in US $90bn merger

Tuesday 7th February 2012

A mega-merger is to take place between mining firm Xstrata and commodity trader Glencore.

The combined value of the new business will be a massive US $90billion.

The two firms called the deal a "merger of equals" and the new business will be called "Glencore Xstrata International PLC".

Glencore, which floated on the stock exchange in May last year in a record share offering in London, buys and sells metals, crops and fuels in the financial market and invests in mining companies.

Xstrata owns large reserves of coal, copper and nickel in Africa, South America and central Asia.

Have your say on this story using the comment section below

Mike Jones

blog comments powered by Disqus
If you have any questions or suggestions about this article or our news section, please don't hesitate to contact us.

Editorial Contact Details - Conor Shilling
0845 672 6000
Related News Stories
Most Read News Stories