Glencore set to win China approval for Xstrata bid
(China Daily) Updated: 2013-01-24 14:07Glencore International Plc is expected to win approval from the Ministry of Commerce for its $36 billion takeover of coal producer Xstrata Plc, meeting the final regulatory requirement for a deal that creates the world's fourth-largest mining company.
Glencore, the commodities trader based in Baar, Switzerland, and Xstrata last week extended the deadline to mid-March, to allow for completion of regulatory reviews in South Africa and China.
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