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May 2, 2013 by PKR

Trading giant Glencore buys Xstrata, still expanding

Glencore, the world’s largest commodities trading firm, has purchased the mining company Xstrata (which built its portfolio upon assets originally purchased from Glencore) after lengthy negotiations. According to Reuters, Glencore CEO Ivan Glasenberg is seen to be pursuing a remarkably aggressive campaign of expansion despite the global economic climate. “Glencore wants to buy when no […]

Filed Under: Disputes & Agreements, Foreign Investment Tagged With: acquisitions, commodities, Mining

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