GLENCORE-XSTRATA DEAL MAY GET CONDITIONAL CHINA APPROVAL SAYS EXPERT

BY WANG FANGQING, IN SHANGHAI A senior China-based economist has told Metal Bulletin he expects the Chinese government to approve the merger between Glencore and mining company Xstrata, removing the deal's final regulatory barrier. Lin Boqiang, a professor at Xiamen University, was speaking after the European Commission granted European Union competition approval last week, leaving the companies now waiting for the approval from China's Ministry of Commerce (MOC). This is because Chinese law requests companies with revenues exceeding Chinese Yuan Renminbi CNY10 ...


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