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U.K Hedge Fund Manager Says Glencore Will Likely Buy Rio Tinto

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A U.K-based hedge fund manager Ian Hannam, said Glencore’s buying Rio Tinto is very likely to happen. Ivan Glasenberg has made Glencore into an international mining behemoth, and if it merges with Rio Tinto, the entity will be larger than mining giant BHP Billiton.

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Thank you. reports that former JPMorgan dealmaker Hamman is seen as an authority on potential deals. He said, “If not today, this deal will happen sometime in the near future. Glencore is M&A savvy and times deals well. The combination will create a super major with a diversified portfolio of world class mining assets.”

Hannan worked on the merger between BHP Billiton and Billiton plc, which created the world’s largest miner, as well as Xstrata when it was taken over by Glencore. The latter company made a bid for Rio Tinto at $160 billion, but Rio Tinto rejected the deal. If Glencore wants to buy Rio Tinto, it will have to up its offer and may face challenges, given its debt and regulatory concerns.



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