Wed, Oct 1, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar sticks to its guns on Glencore/Xstrata deal

Posted on 06 July 2012

Qatar, the second-largest shareholder in Xstrata, said on Thursday it was “firm” in its demand of improved terms from commodities trader Glencore, which hopes to take over miner Xstrata in a $26 billion deal.
Glencore, Xstrata’s top shareholder with an almost 34 percent stake, is offering 2.8 new shares for every Xstrata share held. Qatar - whose sovereign wealth fund has built an 11 percent stake in Xstrata since the planned takeover was announced in February - is demanding an improved ratio of 3.25………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14855 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031