Common Contracts

Glencore and Caracal Enter into a Definitive Agreement for Glencore to Acquire Caracal for £5.50 in Cash Per Share

April 14th, 2014

• Filed
  April 14th, 2014

Baar, Switzerland & Calgary, Alberta, April 14, 2014 – Glencore Xstrata plc ("Glencore") (LSE: GLEN; Hong Kong: GLEN.HK; Johannesburg:GLN.J) and Caracal Energy Inc. ("Caracal" or the “Company”) (LSE:CRCL), announced today that they have reached a definitive agreement for a wholly owned subsidiary of Glencore to acquire Caracal for an all cash consideration of £5.50 per common share by way of Plan of Arrangement (the “Arrangement”).