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February 7, 2012
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- Glencore and Xstrata make official the ok to the fusion between equal
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- It will be created the fourth world-wide group in the field of the raw materials with a fair market value pairs to 90 billion dollars
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 The Swisses Glencore and Xstrata have confirmed today that the directive ones of the two groups have reached an agreement in order to put into effect a fusion of the two companies of the type "merger of equals" being created the fourth world-wide group in the field of the raw materials with a fair market value pairs to 90 billion dollars.-
- The understanding previews the emission of 2,8 new actions of Glencore for every Xstrata action, with a prize of 15.2% for the shareholders of this last one regarding the value of the title of past Wednesday.
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- In the 2011 revenues generated altogether from Glencore and Xstrata they are piled to 209,4 billion dollars with adjusted an EBITDA of 16,2 billion dollars.
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- "A fusion between Glencore and Xstrata - the managing director of Xstrata has commented, Mick Davis - offers the only opportunity to create a new model of business in our field in answer to a scene in change".
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- The operation must be voted from at least 75% of the shareholders of Xstrata.
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