Glencore’s $33 billion takeover of miner Xstrata looked set to clear a regulatory hurdle on Monday as South Africa’s Competition Commission recommended that the deal was given the go-ahead. Glencore, the world’s largest diversified commodities trader, is still waiting for approval from EU antitrust regulators and China’s Ministry of Commerce to buy the roughly 66 percent of Xstrata it does not already own.
See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=160632&sn=Detail&pid=92730.