{"id":15787,"date":"2012-10-22T18:20:45","date_gmt":"2012-10-22T16:20:45","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/south-africa-gives-nod-to-glencore-xstrata-deal\/"},"modified":"2012-10-22T18:20:45","modified_gmt":"2012-10-22T16:20:45","slug":"south-africa-gives-nod-to-glencore-xstrata-deal","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-africa-gives-nod-to-glencore-xstrata-deal\/","title":{"rendered":"South Africa gives nod to Glencore, Xstrata deal"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Oct 22 (Reuters) &#8211; Glencore&#8217;s $33 billion<br \/>\ntakeover of miner Xstrata looked set to clear a<br \/>\nregulatory hurdle on Monday as South Africa&#8217;s Competition<br \/>\nCommission recommended that the deal was given the go-ahead.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Glencore, the world&#8217;s largest diversified commodities<br \/>\ntrader, is still waiting for approval from EU antitrust<br \/>\nregulators and China&#8217;s Ministry of Commerce to buy the roughly<br \/>\n66 percent of Xstrata it does not already own.<\/p>\n<p><span><\/span><\/p>\n<p>The Competition Commission of South Africa, where both<br \/>\ncompanies mine thermal coal, said it recommended that the<br \/>\ncountry&#8217;s Competition Tribunal, its anti-trust regulator,<br \/>\napprove the deal subject to conditions agreed with Glencore<br \/>\nregarding the employment of around 180 employees.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The commission concluded that the transaction is not likely<br \/>\nto lead to a substantial prevention or lessening of<br \/>\ncompetition,&#8221; it said in a statement.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON Oct 22 (Reuters) &#8211; Glencore&#8217;s $33 billion takeover of miner Xstrata looked set to clear a regulatory hurdle on Monday as South Africa&#8217;s Competition Commission recommended that the deal was given the go-ahead. Glencore, the world&#8217;s largest diversified commodities trader, is still waiting for approval from EU antitrust regulators and China&#8217;s Ministry of Commerce [&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-15787","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\/15787","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=15787"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15787\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}