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EU Regulators Clear Way For Glencore International PLC And Xstrata PLC Tie Up-Reuters


Wednesday, 21 Nov 2012 07:24am EST 

Reuters reported that EU antitrust regulators have cleared commodity trader Glencore International PLC $32 billion takeover of miner Xstrata PLC, agreeing to virtually seal the deal without requiring asset sales. The green light - set to be announced on Thursday - meant Glencore would end its zinc sales deal with producer Nyrstar. But it will not have to sell Xstrata's Nordenham zinc plant in Germany. 

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