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Glencore, the Swiss commodities trading firm, is trying to takeover a mining company called Xstrata. And the deal just got a stamp of approval from European regulators.
The merged trading and mining company would create a soup-to-nuts commodities giant that could impact prices of everything from, yes, soup to nuts.
The world's largest commodities trader Glencore has agreed to buy mining giant Xstrata to create a global giant in coal, zinc and copper mining and production.