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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

Qatar’s Harrods shift gives It major role on Xstrata deal

Posted on 28 June 2012

Peter DaveyQatar’s unexpected role as kingmaker in the biggest proposed merger of the year is an outgrowth of its new strategy to shift assets of its $100 billion sovereign wealth fund into commodities including gold, copper and oil.
Once known for acquiring trophy investments like London’s Harrods department store, the tiny Persian Gulf kingdom started buying shares in mining company Xstrata (XTA) Plc in February, just after Glencore International Plc (GLEN) announced its bid for a $25 billion merger………………………………………..Full Article: Source


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