Regulatory Story
Go to market news section View chart   Print
RNS
Glencore International PLC  -  GLEN   

Merger Timing Update

Released 07:00 02-Apr-2013

RNS Number : 2318B
Glencore International PLC
02 April 2013
 



2 April 2013

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 

NEWS RELEASE

Glencore International plc

Merger Timing Update

On 5 March 2013, Glencore and Xstrata announced the extension of the long stop date for the Merger from 15 March 2013 to 16 April 2013 due to the ongoing regulatory processes in China. Glencore believes that it has had constructive discussions with the Ministry of Commerce of the People's Republic of China ("MOFCOM") and that these discussions are now in their final stages. However, Glencore does not expect to receive the final decision from MOFCOM in time for the Merger to be completed by 16 April 2013. Accordingly, Glencore and Xstrata have agreed, with the consent of the Panel, to extend further the long stop date for the Merger to 2 May 2013.

Completion of the Merger remains conditional upon the receipt of the outstanding regulatory approval in China and completion of the Xstrata court process as further set out in the New Scheme Document in connection with the Merger published by Xstrata on 25 October 2012 and Glencore giving effect to the commitments required by the European Commission.

 

For enquiries about Glencore, please contact:

 

Paul Smith (Investors)

Charles Watenphul (Media)

 John Burton (Company Secretary)

t: +41 (0)41 709 2487    

t: +41 (0)41 709 2462

 t: +41 (0)41 709 2619

m: +41 (0)79 947 1348

m:+41 (0)79 904 3320

 m: +41 (0)79 944 5434

e: paul.smith@glencore.com

e:charles.watenphul@glencore.com

e:john.burton@glencore.com

Elisa Morniroli (Investors)

Finsbury (Media)

 

t: +41 (0)41 709 2818

Guy Lamming

 

m: +41 (0)79 833 0508

Dorothy Burwell

 

e:elisa.morniroli@glencore.com

T: +44 (0)20 7251 3801

 

 

 

 

 

 

Publication on Website

A copy of this announcement will be available on Glencore's website (www.glencore.com) by no later than 12 noon (London time) on the business day following the date of this announcement.

You may request a hard copy of this announcement, free of charge, by contacting the Company Secretary of Glencore, John Burton, at john.burton@glencore.com. You may also request that all future documents, announcements and information to be sent to you in relation to the Merger should be in hard copy form.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLFFILSVILIIV
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Merger Timing Update - RNS