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.
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