GLENCORE-XSTRATA DEAL MAY GET CONDITIONAL CHINA APPROVAL SAYS EXPERT
November 1st, 2012 BY WANG FANGQING, IN SHANGHAI A senior China-based economist has predicted that the Chinese government will approve the merger between Glencore and mining company Xstrata, removing the deal's final regulatory barrier, albeit with some conditions protecting Chinese mining interests. Lin Boqiang, a professor at Xiamen University, was commenting on how the European Commission granted European Union competition approval last week. This has left the companies waiting for competition approval from China's ministry of commerce (MOC) before they can press ahead. This is ...
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