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Sovereign Wealth Funds Briefing - Categorized | Market

Qatar said to back Glencore bid, Xstrata bonuses

Posted on 15 November 2012

Qatar’s sovereign wealth fund is poised to back Glencore International PLC’s $31.3 billion offer for Xstrata PLC as well as bonuses for some 70 managers, Bloomberg News reported Wednesday, citing three people with knowledge of the plan.
Qatar Holding LLC is Xstrata’s second-largest shareholder. A spokesman for Qatar Investment Authority was not available for comment, Bloomberg reported………………………………………..Full Article: Source


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