What is the relationship between Xstrata and Glencore in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

Glencore took a $US7.7 billion write-down in 2013 on the $US29 billion "merger" with Xstrata it executed the same year, with the bulk of that taken on goodwill.

Answer: owned_by