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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Qatar raises Xstrata stake, pays 13pct less than previous purchase

Posted on 24 July 2012

Sheikh Hamad bin Jassim bin Jabr al-ThaniQatar Holding LLC, the investment arm of the Middle East country’s sovereign-wealth fund, raised its stake in Xstrata (XTA) Plc as it seeks a higher offer for the largest thermal-coal exporter from Glencore International Plc.
Qatar on July 20 bought 590,390 Xstrata shares for 846.88 pence each, raising its stake to 10.997 percent, it said in a statement today. It was the first acquisition by the country since June 13, when it bought 160,000 shares for 972.5 pence………………………………………..Full Article: Source

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