Glencore (GLCNF.PK) extends the completion deadline for its takeover of Xstrata (XSRAF.PK) to...

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

Glencore (GLCNF.PK) extends the completion deadline for its takeover of Xstrata (XSRAF.PK) to April 16 from March 15 as the companies await approval from China, which is reviewing the proposed merger with a focus on whether the combined company would influence China's copper market. CEO Ivan Glasenberg doesn't see a problem since Glencore "has marketed most of the product of Xstrata into China" prior to the merger announcement.