We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Core of the matter

19 June 2009 By John Foley

As Xstrata s biggest shareholder, the Swiss metals trader could emerge from a $68bn mining merger with juicedup trading revenues, and a more valuable stake to borrow against. The cost? Heavy dilution unless Glencore offers itself up later, in a reverse takeover.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)