The proposed merger between Rio Tinto (RIO) and Glencore (GLNCY) may require asset sales to win approval from China, which has concerns about resource security and market concentration, Lewis Jackson, Melanie Burton and Amy Lv of Reuters reports. The scale of the companies’ sales to China means any deal between the companies will require approval from Beijing, but the country’s antitrust regulator will likely be concerns about the combined entity’s concentration in copper production as well as iron ore marketing, several analysts and lawyers told Reuters.
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