Glencore Xstrata Buys Oil and Gas Group Caracal for $1.35 Billion

ISTANBUL--April 18, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--The world's largest commodities trader, Glencore Xstrata (LSE:GLEN) (Baar, Switzerland), has acquired oil producer Caracal Energy (LSE:CRCL) (Calgary, Canada) for $1.35 billion in cash, just hours after selling its copper mine in Las Bambas, Peru, to a Chinese consortium. Caracal's business is focused on the African nation Chad.

Other companies featured: TransGlobe Energy Corporation (NASDAQ:TGA)