Glencore said on Tuesday it had again extended the date by which it expects to close its merger with Xstrata, due to the ongoing investigation into the deal in China.
Glencore has been waiting for several months for China, the biggest buyer of the materials it trades and mines, to give the go-ahead before it can complete its US$35 billion (HK$271.7 billion) acquisition of miner Xstrata, the largest deal in the sector to date.
via Business feed http://www.scmp.com/business/companies/article/1205508/glencore-pushes-back-xstrata-deal-due-china-probe
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