Glencore opens the black box

As the chiefs of Glencore and Xstrata take to the road to address institutional investor concerns, there are other complicating factors slowing down the deal.

Glencore’s Ivan Glasenberg is going to embark on a global roadshow with Xstrata’s Mick Davis in April in an attempt to explain his group’s opaque business model to sceptical Xstrata shareholders.

Glencore is still experiencing resistance from Xstrata’s institutional shareholders to the agreed ‘merger of equals’ it announced with Xstrata last month, even though there is a takeover premium built into the terms of the share swap.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles