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Sovereign Wealth Funds Briefing - Categorized | Trends

Glencore and Qatar enter $26 bln poker game

Posted on 02 July 2012

Commodities trading giant Glencore and Xstrata are digging in for days or even weeks of brinkmanship to try and save Glencore’s $26 billion takeover deal after Qatar’s state investment fund interrupted proceedings this week with a last-minute call for better terms.
Bankers involved in the transaction have already flown out to the oil-rich Gulf state as the companies roll up their sleeves for what one person familiar with the matter described as a “poker game”………………………………………..Full Article: Source


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