Analyst: Glasenberg could grab Rio by way of China
Glencore CEO Ivan Glasenberg’s dealmaking skills were clearly demonstrated during the Xstrata… er … “merger of equals”.
A merger between Glencore and Rio Tinto would combine the world’s second and fourth largest miner and knock BHP Billiton off its throne. And the estimated $160 billion deal would add chunks to Glasenberg’s already gigantic bank account.
Read more at: http://www.mining.com/analyst-glasenberg-could-grab-rio-by-way-of-china-74099/
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