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Glencore Xstrata Appoints BMO, Credit Suisse for Las Bambas Sale

Glencore Xstrata Plc appointed BMO Capital Markets Ltd. and Credit Suisse Securities (Europe) Ltd. as financial advisers for the sale of its interest in the Las Bambas copper-mine project in Peru.

Glencore Xstrata has already received “numerous” expressions of interest in the project, the Baar, Switzerland-based company said today in a statement.

The company needs to sell the copper project to appease Chinese regulators who demanded the divestment to grant approval for Glencore’s merger with Xstrata.

To contact the reporter on this story: Amanda Jordan in London at ajordan11@bloomberg.net

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net

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