http://bit.ly/rtXpg8
ZURICH -(Dow Jones)- Glencore International PLC (GLEN.LN) will preserve hunting for buyout deals to snap up, Chief Executive Ivan Glasenberg states in an job interview showing in Saturday's version of Finanz und Wirtschaft, soon right after the Swiss-centered commodities trader released a A$ 1.02 billion (US$ 1.07 billion) offer for Australian nickel miner Minara Assets Ltd. (MRE.AE). "We are usually looking for acquisitions. The truth is, rivals are drastically less costly now than they had been six months in the past," Glasenberg is quoted in an advance print released Friday by Finanz und Wirtschaft. The Minara bid represents Glencore's initial company takeover because its Might stock floatation. Glasenberg declined to remark in the interview on no matter whether Glencore could raise its 34.5% stake in Anglo-Swiss miner Xstrata PLC (XTA.LN). Copyright &duplicate 2011 Dow Jones Newswires