{"id":10952,"date":"2012-05-31T22:29:08","date_gmt":"2012-05-31T20:29:08","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/newsmaker-one-step-closer-to-finish-line-for-glencores-boss\/"},"modified":"2012-05-31T22:29:08","modified_gmt":"2012-05-31T20:29:08","slug":"newsmaker-one-step-closer-to-finish-line-for-glencores-boss","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/newsmaker-one-step-closer-to-finish-line-for-glencores-boss\/","title":{"rendered":"NEWSMAKER-One step closer to finish line for Glencore&#8217;s boss"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Closing of deal to be a &#8220;personal victory&#8221; for Glasenberg<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Glasenberg to become deputy CEO of enlarged<br \/>\nGlencore-Xstrata<\/p>\n<p><span><\/span><\/p>\n<p>* Some investors fret on possible tensions with Davis, to be<br \/>\nCEO<\/p>\n<p><span><\/span><\/p>\n<p>* Shareholders to vote on deal in July<\/p>\n<p><span><\/span><\/p>\n<p>By Clara Ferreira-Marques<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, May 31 (Reuters) &#8211; After years of on-off<br \/>\ndiscussions, months of talks and, finally, a deal with his<br \/>\nerstwhile adversary in February, Glencore&#8217;s Ivan<br \/>\nGlasenberg is just weeks away from votes that should seal his<br \/>\ndream &#8211; a tie-up with miner Xstrata.<\/p>\n<p><span><\/span><\/p>\n<p>For the highly competitive one-time champion race walker, it<br \/>\nhas been a long-distance trek he was desperate to win.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Ivan will see the closing of the deal as a personal<br \/>\nvictory,&#8221; said one industry banker. &#8220;It is something he has<br \/>\nwanted for a long time.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Xstrata floated in 2002 after buying up key coal assets from<br \/>\nGlencore, leaving the latter &#8211; founded almost four decades ago<br \/>\nby commodities trader Marc Rich &#8211; with what is now an almost 34<br \/>\npercent stake.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Closing of deal to be a &#8220;personal victory&#8221; for Glasenberg * Glasenberg to become deputy CEO of enlarged Glencore-Xstrata * Some investors fret on possible tensions with Davis, to be CEO * Shareholders to vote on deal in July By Clara Ferreira-Marques LONDON, May 31 (Reuters) &#8211; After years of on-off discussions, months of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10952","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10952"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10952\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}