Deals
Glencore Said to Be Near Deal to Combine With Xstrata
This article is for subscribers only.
Glencore International Plc is nearing an agreement to combine with Xstrata Plc, adding mines from Africa to Asia to the world’s largest listed commodity trader, said two people with knowledge of the plan.
The two Switzerland-based companies may announce a deal as early as this week, said the people, who declined to be identified because the plans are confidential. The combined company may be valued at 52 billion pounds ($82 billion) after excluding Glencore’s 34 percent stake in Xstrata.