Glencore and Rio Tinto Merger Talks Resurface
- Glencore, the Swiss mining and commodities trading giant, confirmed Friday it is indeed in preliminary discussions with Anglo-Australian competitor Rio Tinto regarding a potential merger.
- Glencore confirmed the discussions, following press reports, involve "a possible combination of some or all of their businesses," according to a company statement.
- The Financial Times reported Thursday that the two companies had restarted discussions about a "mega-merger" that would create the world's largest mining company, valued at over $260 billion...
Glencore and Rio Tinto Resume Merger Talks
Glencore, the Swiss mining and commodities trading giant, confirmed Friday it is indeed in preliminary discussions with Anglo-Australian competitor Rio Tinto regarding a potential merger. The talks resume one year after previous negotiations failed.
Glencore confirmed the discussions, following press reports, involve “a possible combination of some or all of their businesses,” according to a company statement.
The Financial Times reported Thursday that the two companies had restarted discussions about a “mega-merger” that would create the world’s largest mining company, valued at over $260 billion (approximately 208 billion Swiss francs).
Glencore anticipates, should the merger succeed, that it will require meaningful regulatory review.