Glasenberg bats away SA risk, Anglo bid David McKay | Wed, 13 Nov 2013 12:27
one part states "Glencore’s listing in Johannesburg naturally raised speculation its presence would pave the way for merger and acquisition activity, specifically a bid for Anglo American which at about R333bn is valued at approximately half Glencore.
Glasenberg said there was no appetite for assets it could not trade. “We would look at another company that holds stuff we don’t trade. You can make your own assessment from that,” he said. Anglo American owns about 78% of Amplats. Glencore is also a seller of its 24% stake in Lonmin." cont.
**************** of course ...?? I dont get it. speculation quashed...or not?
NKP Price at posting:
9.5¢ Sentiment: None Disclosure: Held