27.08.2012 - Qataris planning to double Xstrata stake
Sovereign wealth fund Qatar Holding is set to more than double its stake in miner Xstrata if a planned £41billion merger with commodity trader Glencore fails.Qatar is thought to be planning to boost its 12 per cent stake in the miner to a quarter if shareholders reject the tie-up with Glencore in a vote on September 7. Glencore , which already owns 34 per cent of Xstrata, is offering 2.8 new shares for every Xstrata share held to secure a deal it hopes will create a mining and trading powerhouse...............................................Full Article: Source
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