EU antitrust regulators have told trader Glencore to offer concessions in its zinc operations to ease concerns about its planned $33 billion buy of miner Xstrata, a person familiar with the matter said recently.
The European Commission, which handles competition regulation in the 27-member European Union, is currently examining the deal and has set a Nov. 8 deadline for its decision. The EU competition watchdog told Glencore about its concerns and has given the world’s largest diversified commodities trader until Tuesday to come up with concessions, the source said.
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