Trader Glencore is expected to agree to concessions this week to ease Chinese worries over its grip on the supply of copper, clearing the final regulatory hurdle in its US$32 billion acquisition of miner Xstrata.
After months of negotiations, Glencore is expected to have agreed to yield some ground, with analysts and market sources pointing to a likely sale from among Xstrata’s promising – though challenging – greenfield copper projects, which could include Las Bambas in Peru, due to begin production in 2015.
via Business feed http://www.scmp.com/business/companies/article/1215030/glencore-concessions-china-expected-xstrata-deal
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