South Africa's Competition Tribunal Tuesday conditionally approves Glencore's (GLCNF.PK) $80B...

|About: Glencore Plc (GLCNF)|By:, SA News Editor

South Africa's Competition Tribunal Tuesday conditionally approves Glencore's (GLCNF.PK) $80B merger with Xstrata (XSRAY.PK) but limits the combined group's ability to lay workers off. Last week, the companies reached a deal with unions over any job cuts and with state-owned electricity producer Eskom Holdings about possible coal price increases. Now all the merger needs is approval from China.