Rio Tinto Targets Glencore in $207 Billion Deal, Raising Pressure on BHP
Talks between Rio Tinto and Glencore could create a mining giant valued at nearly $207 billion. This move revives sector consolidation and puts BHP in a strategic dilemma.
| Companies | Rio Tinto, Glencore, Anglo American, BHP, Teck Resources |
|---|---|
| Sector | Métaux critiques |
| Theme | Marchés & Finance |
Rio Tinto is conducting preliminary discussions to acquire Glencore. The deal could rank among the ten largest mergers and acquisitions ever completed, according to analysts. The Anglo-Australian group has until February 5 to make a formal offer, a deadline that could be extended. The two companies have held talks in the past without reaching an agreement.
Comments
Sign in to leave a comment.