Tuesday, 15 April 2014

Glencore share price: Mining giant snaps up Caracal Energy

Otmane El Rhazi, Tuesday, April 15th: Resource giant Glencore Xstrata (LON:GLEN) has agreed to buy Chad-focused oil and gas group Caracal Energy Inc (LON:CRCL) with the acquisition effectively preventing a merger between Caracal and Canada’s TransGlobe Energy Corp (TSE:TGL).

Glencore’s share price has shed more than one percent in London this morning.

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