Energy

Xstrata recommends Glencore offer

Xstrata’s board has backed a merger with Glencore, the trading group, but has insisted on retention payouts for key management at the miner

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Spain savings banks sell 5 pct of Enagas

Sept 10 (Reuters) – Spanish savings banks are selling a 5
percent stake in the country’s gas grid operator Enagas
, banks Credit Suisse and Santander
, managers of the sale, said on Monday.

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