• News Feeds
Page last updated at 09:03 GMT, Saturday, 8 September 2012 10:03 UK

Glencore and Xstrata 'already very much combined'

Advertisement

There is speculation that former PM, Tony Blair, has brokered an eleventh-hour deal in a bid to save Swiss mining firm Glencore's merger with London-listed Xstrata.

The deal, should it go ahead, "would give them a lot of pricing power and could mean that consumers of them end up paying more," warned the BBC's business correspondent Theo Leggett. "There is a lot at stake here."

"The companies are already very much combined," John Mayer, a mining analyst, told the Today programme. "The European Commission considers these two companies to be joined at the hip anyway."


Get in touch with Today via email , Twitter or Facebook or text us on 84844.

SEE ALSO

Story Tools

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific