Xstrata and Glencore close in on £40bn merger

The prospect of a marriage between the acquisitive mining group Xstrata and its largest shareholder, the Swiss metals trading group Glencore, looked a step closer as speculation mounted that the two sides were positioning themselves for a £40bn merger.

See http://www.guardian.co.uk/business/2010/may/02/xstrata-glencore-close-in-on-40bn-merger.

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