14.08.2012 - Qatar raises Xstrata stake to 11.5pct
Qatar, the second-largest shareholder in takeover target Xstrata, has again lifted its stake in its standoff with suitor Glencore, bringing its holding to 11.5%. Qatar Holding bought shares consistently after commodities trader Glencore's $26-billion all-share bid for Xstrata was announced in February, lifting its stake from 3% to almost 11%, but the buying stopped after the sovereign wealth fund's surprise announcement in June that it was demanding improved terms to support the deal. It resumed buying in late July and has since upped its stake incrementally, buying shares on Friday to raise its stake to 11.456 percent, according to a regulatory filing on Monday...............................................Full Article: Source
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