Swiss miners finally agree on merger
- 12 years ago
Swiss mining company Xstrata has finally agreed to sell out to its local rival Glencore, digging its heels in for an improved 25.6 billion euro offer. However the deal also keeps a controversial retention package of 175 million euros, ensuring a bonanza for 70 of Xstrata's top bosses and a guaranteed two more years on the job.
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