As expected, the EU approves Glencore's (GLCNF.PK) mega-merger with Xstrata (XSRAF.PK) without a...

|About: Glencore Plc (GLCNF)|By:, SA News Editor
As expected, the EU approves Glencore's (GLCNF.PK) mega-merger with Xstrata (XSRAF.PK) without a prolonged review after Glencore offers concessions to allay EU concerns about the combined company's dominance in the European zinc market. Glencore will end a zinc sales deal with Nyrstar and sell its 7.8% stake in the world's top producer. The companies now need approval from China and South Africa. (PR)