Loading ...Rio Tinto And Glencore In Talks To Form World’s Largest Mining Company With $200 Billion Valuation
Are we on the cusp of an M&A boom in metals and commodities, with prices continuing to soar? Or are deals just easier to get through under a new administration?
Regardless, Rio Tinto and Glencore have reopened merger talks that could create the world’s largest mining company, with a combined valuation exceeding $200 billion — more than a year after earlier negotiations collapsed, according to Yahoo.
The companies confirmed Thursday that they are discussing various deal structures, including an all-share takeover covering part or all of Glencore’s business. The market reacted swiftly: Glencore shares jumped about 10% in London, while Rio slipped more than 2%.