Former Citigroup Head Brokered Glencore, Xstrata Talks, FT Says

Michael Klein, former Citigroup Inc. (C) head of investment banking, helped to broker merger discussions between Glencore International Plc (GLEN) and Xstrata Plc (XTA), the Financial Times reported, citing people familiar with the talks.

Klein acted as an independent mediator between Glencore Chief Executive Officer Ivan Glasenberg and Mick Davis, his counterpart at Xstrata, according to the FT. All parties declined to comment, the London-based newspaper said.

To contact the reporter on this story: Christopher Spillane in London at cspillane3@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.