| On Friday, shareholders in Xstrata, one of the world’s biggest miners of copper and coal, are to vote on an offer from Glencore, which dominates the global trading of such materials. But Qatar Holding, a unit of the Persian Gulf nation’s sovereign wealth fund, is poised to squash the acquisition.
Over the last year, Qatar, an increasingly powerful investor with holdings in large multinational companies, has spent nearly $5 billion amassing a 12 percent share of Xstrata. That stake gives Qatar a big voice in the process, and it plans to vote against the deal...........................................Full Article: Source
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