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Glencore plc is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Glencore's oil and gas head office is in London and its registered office is in Saint Helier, Jersey. By some estimates, it is the world's largest commodity trader, [4] and among the world's largest companies. [5] [6] [7]
The Xstrata name, which evokes the activities of mining and extraction, was created in 1999 by John Lloyd of the British corporate identity consultancy Lloyd Northover. Glencore has also announced that they will no longer use the 'Xstrata' brand and it will be phased out. Glencore Xstrata plc is now Glencore plc. [citation needed]
The new company will also get a new name later today, Glencore Xstrata PLC. Glencore Xstrata will. After more than a year of twists and turns and negotiations, the $75 billion merger between ...
When the proposed $90 billion merger between Glencore International and Xstrata was first announced, the seeds of its failure were first planted. Glencore already owned 34% of Xstrata and could ...
Shareholders of Swiss-based Glencore International have voted overwhelming to support the company's $67 billion merger with miner Xstrata. At a meeting this morning, more than 99% of Glencore's ...
Sir Michael Lawrence Davis (born 15 February 1958) is a British South African businessman, financier, philanthropist, and former politician. [2] [3] Davis was the chief executive (CEO) of Xstrata plc, an Anglo-Swiss multinational mining company, until its merger with Glencore in 2013, and former chief executive and treasurer of the Conservative Party.
Just two weeks ago, the $76 billion merger was completed that created London-traded Glencore Xstrata. Today, shareholders shook up the company's board of directors by booting chairman John Bond ...
Originally Xstrata CEO Mick Davis was to be CEO while Glasenberg would be President in a merger-of-equals transaction, however, due to holding out of major Xstrata shareholder Qatar, it became a takeover target, [16] with a 3.05 Glencore to 1 Xstrata Share exchange to create the new entity Glencore Xstrata with Glasenberg becoming CEO. Davis ...