On April 16, 2013, the Ministry of Commerce (“MOFCOM“) cleared the proposed acquisition of Xstrata plc (“Xstrata“) by Glencore International plc (“Glencore“) with conditions. Both structural and behavioral remedies are involved in the conditions.
The over 8,000-word decision issued by MOFCOM contains the most detailed competition analysis that has ever been published. In addition, for the very first time, the full text of the parties’ final commitment proposals were published together with the clearance decision, providing more insights regarding the implementation of the remedies.
Continue Reading MOFCOM cleared Glencore’s acquisition of Xstrata with Conditions