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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar Holding backs Glencore $31 bln bid for Xstrata

Posted on 16 November 2012

Qatar Holding LLC, Xstrata (XTA) Plc’s second-largest shareholder, will vote for a $31 billion bid for the mining company by Glencore International Plc, boosting the likelihood the year’s biggest takeover will succeed.
The investment arm of the Qatar Investment Authority “continues to see merit in a combination of the two companies and is satisfied with the terms of the proposed merger,” it said today in a regulatory statement………………………………………..Full Article: Source

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