Rio Tinto eyes Glencore takeover to create mining giant
Rio Tinto is considering a takeover of rival Glencore in a move that could create the world’s largest mining company.
| Updated: 11d ago
Rio Tinto is hoping to create the world’s largest mining company through a potential takeover of rival Glencore.
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This deal would result in a combined market value of nearly 207 billion dollars.
The move would mark a major shift in the global mining sector if it goes ahead.
Under UK takeover rules, Rio Tinto has until February 5th to decide whether to make a formal offer for Glencore.
Until then, markets will be watching closely to see whether the mining giant proceeds with the proposed deal.