Glencore, Xstrata delay merger to May 2 awaiting Chinese approval

摘要

Singapore—Switzerland-based trader Glencore International and miner Xstrata have further delayed the date for their merger to May 2 from April 16, while they await approval from Chinese authorities, Glencore said Tuesday in a statement. "Glencore believes that it has had constructive discussions with the Ministry of Commerce of the People's Republic of China and that these discussions are now in their final stages," the statement said.