Glencore and Xstrata create the new raw giantthe Swiss raw trader Glencore and diversifitsirovannaja mining company Xstrata have agreed about merge of two companies. On agreement conditions, Glencore will get Xstrata for 39,1 mlrd pounds sterling (62 mlrd dollars) . Vertically integrated raw group in the general market cost 90 mlrd dollars will be as a result created, told in materials Xstrata.
the Transaction will be carried out by an exchange of actions and becomes the largest in the history of mining sector. The former record has been established in 2007ã., when Rio Tinto has got Alcan for more than 38 mlrd dollars
After merge end, the share of shareholders Xstrata (besides Glencore to which posess 34 % Xstrata) in the capital of the incorporated company will make 45 %.
In message Xstrata it is noticed that merge Glencore and Xstrata, having long history of cooperation, is “ logical step for both companies against a changing operational environment “. The companies expect that merge will allow to lift volume of output on 11 % annually to 2015ã. Operations of the incorporated company will have wide geographical coverage and to include such “ perspective “ Regions (to which the basic investments gornodobytchikov in the future will be directed), as Africa, Kazakhstan and the South America.
the new incorporated company will be comparable on the size to the largest players of the world - Rio Tinto and BHP Billiton.
Glencore International AG - the world`s largest supplier of the raw goods. The company trades in metals and minerals, energy carriers, agricultural production. A staff - the company apartment is located in Swiss Baare. Proprietors of business are managers and employees Glencore. Following the results of 2011ã. Gain Glencore has reached 186,2 mlrd the dollars, corrected EBITDA - 6,5 mlrd dollars
Xstrata Plc. Is the world`s largest exporter of power coal. Incomes of coal sale bring Xstrata about 55 % of cumulative profit before payment of percent and taxes, deterioration and amortisation (EBITDA). Article of incomes second for the importance for Xstrata is copper manufacture. Gain of the company following the results of 2011ã. Has made 33,88 mlrd dollars, operational profit for the accounting period - 8,44 mlrd dollars