Drill and Deal

News / 2013

· Deals, Diversified

Glencore completes its merger with Xstrata

Xstrata holders received 3.05 new Glencore shares for each share. The deal had been delayed by Chinese regulatory approval, which required the sale of the Las Bambas copper project.

The Antamina copper and zinc mine in the Peruvian Andes, in which Xstrata held a third
Photo: Ondando, CC BY-SA 3.0

Why it matters. Competition approvals can force asset sales that reshape a deal.

Source
Glencore
In the course
Module 9: The M&A process