28.06.2012 - Glencore to meet with Qatari wealth fund as Xstrata merger hangs in balance |
Glencore executives are to meet with representatives of the Qatar sovereign wealth fund in London today as the $65bn (£42bn) mega-merger between the commodities giant and miner Xstrata hangs in the balance. In a shock announcement last night, Qatar Holdings, Xstrata’s second-biggest shareholder with 10.4pc, said that, while it saw “merit in a combination of the two companies, it is seeking improved merger terms”...............................................Full Article: Source |