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Sovereign Wealth Funds Briefing - Categorized | Market

Glencore-Xstrata deal gets boost from Qatar

Posted on 16 October 2012

Qatar, whose sovereign-wealth fund is the second-largest shareholder in mining giant Xstrata PLC, is taking a favorable view of the company’s planned merger with Glencore International, further increasing the chances the much-delayed deal will go through.
“We are looking in favor of doing something between the two companies,” Hamad Bin Jassim Bin Jabor Al Thani, the Gulf state’s prime minister, told reporters in Doha on Monday. “We are hopeful. This is under a lot of consideration and focus,” he said. The deal can be blocked if 16.5% of Xstrata shareholders vote against it. Qatar Holding has a stake of more than 12% in Xstrata………………………………………..Full Article: Source

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