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Glencore International PLC Updates on Merger with Xstrata Plc

Tuesday, 22 Jan 2013 04:04am EST 

Glencore International PLC announced that the South African Competition Tribunal has cleared the recommended all-share merger of equals between the Company and Xstrata Plc. Completion of the Merger remains conditional upon the receipt of the outstanding regulatory approval in China and completion of the Xstrata Plc court process as further set out in the New Scheme Document in connection with the Merger published by Xstrata Plc on October 25, 2012 and Glencore International PLC giving effect to the commitments required by the European Commission.