6th Oct 2014 16:26
LONDON (Alliance News) - Glencore PLC is laying the groundwork for a potential merger with Rio Tinto Group PLC in the next year, Bloomberg reported on Monday, citing people familiar with the situation.
According to the report, the deal would create the world's largest mining company, worth about USD160 billion.
http://www.bloomberg.com/news/2014-10-06/glencore-said-to-lay-groundwork-for-potential-rio-merger.html?hootPostID=ca3656bdd9b42548f920bfdb37632015
By Samuel Agini; [email protected]; @samuelagini
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