Navigation path

Login   |   Register

Advanced search Search in:    Audio    Photo    Video    Shotlist


OR









Statement by Antoine Colombani, Spokesperson of Joaquín Almunia, on the approval by the EC of Glencore's acquisition of Xstrata, subject to conditions

131 views

On 22 November 2012, Antoine Colombani, Spokesperson of Joaquín Almunia, Vice-President of the EC in charge of Competition, made a statement on the approval by the European Commission of Glencore's acquisition of Xstrata, subject to conditions. The EC has cleared, under the EU Merger Regulation, the proposed acquisition of Xstrata, the world's fifth largest metals and mining group, by Glencore, the world's leading metals and thermal coal trader. The clearance is conditional on the termination of Glencore's off-take arrangements for zinc metal in the European Economic Area (EEA) with Nyrstar, the world's largest zinc metal producer, and the divestiture of Glencore's minority shareholding in Nyrstar. The EC had concerns that the merged entity would have the ability and incentive to raise prices for zinc metal, an important input for many EU industries. The commitments address these concerns.
SHOTLIST INFO PRESS

Type: Complete press conference   Reference: I-075370   Date: 22/11/2012   Duration: 02:07   Personalities: Antoine Colombani   Location: Brussels - EC/Berlaymont  
Languages: ORIGINAL,

Tags: Competition , Merger , Metallurgic industry
© European Union, 2012   /   Source: EC - Audiovisual Service
To download, please log in






Related videos

02:07 Statement by Antoine Colombani, Spokesperson of Joaquín Almunia, on the approval by the EC of Glencore's acquisition of Xstrata, subject to conditions
Statement by Antoine Colombani, Spokesperson of Joaquín Almunia, on the approval ...
Ref: I-075370
Date: 22/11/2012

Video Player   Need some help?


You don't find what you are looking for? Ask us!


Wed 18/01
European Commission - Upcoming events The news: On Wednesday 15 February 2017, the European Commission will adopt its monthly infringements package. These decisions seek to enforce EU law across Europe so that citizens and businesses can benefit fully from the internal market.
Fri 13/01
European Commission - Upcoming events The news: The 2017 Annual Meeting of the World Economic Forum in Davos will take place from 17 to 20 January. This year's meeting will put the focus on “Responsive and Responsible Leadership”.
Wed 18/01
European Commission - Daily News Daily News 18 / 01 / 2017 Brussels, 18 January 2017 Investment Plan for Europe: Agreements unlock over EUR 1 billion in loans for SMEs The European Investment Fund (EIF) has signed agreements in France and Austria that will unlock over EUR 1 billion worth...
Wed 18/01
European Commission - Speech - [Check Against Delivery] Lesvos, 18 January 2017 I am in Lesvos today to pass a very important message: that we all, Greeks, Europeans, have a humanitarian imperative to alleviate the situation here on the islands, for the migrants as well as for the inhabitants of...
Wed 18/01
European Commission - EUROSTAT Brussels, 18 January 2017 In November 2016 compared with October 2016, seasonally adjusted production in the construction sector increased by 0.4% in both the euro area (EA19) and the EU28, according to first estimates from Eurostat, the statistical office of the European Union.
Wed 18/01
European Commission - EUROSTAT Brussels, 18 January 2017 Euro area annual inflation was 1.1% in December 2016, up from 0.6% in November. In December 2015 the rate was 0.2%. European Union annual inflation was 1.2% in December 2016, up from 0.6% in November. A year earlier the rate was 0.2%.
Tue 17/01
- Press release European Commission Brussels, 17 January 2017 Spain, currently in the corrective arm, considered broadly compliant with the Stability and Growth Pact in 2017; Lithuania, in the preventive arm, deemed at risk of non-compliance pending the assessment of requested flexibility.
Tue 17/01
European Commission - Press release Brussels, 17 January 2017 Trade Commissioner Cecilia Malmström and United States Trade Representative Michael Froman have today published a joint assessment of the progress made in the negotiations for a Transatlantic Trade and Investment Partnership (TTIP) since negotiations started in July 2013.
Tue 17/01
European Commission - Daily News Daily News 17 / 01 / 2017 Brussels, 17 January 2017 Mario Monti presents recommendations on the future financing of the EU Today, Mario Monti presents to the College of Commissioners the conclusions on the future financing of the EU, drawn up by an independent...
Tue 17/01
European Commission - EUROSTAT Brussels, 17 January 2017 The European Union (EU) surplus in trade in services fell in 2015 for the second year in a row. It stood at €145.9 bn, compared with €170.4 bn in 2014 and a peak of €177.7 bn in 2013.

Go to useful links page Useful links

Go to rss page Go to EU Tube page Go to twitter page Go to facebook page Go to contact page


Credit © European Union, 2017