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Qatar to increase Xstrata stake

Qatar to increase Xstrata stake

Posted by on Aug 21, 2012 in Economy | 0 comments

Qatar Holding will continue to raise its stake in Xstrata as it seeks a higher offer for the mining company from Glencore International, the Sunday Times has reported. Qatar boosted its ownership of Xstrata to 11.7% as of August 17, the newspaper said. Qatar Holding may be able to block Glencore’s offer for Xstrata in a September 7 vote with a 12% stake, the daily said, citing unnamed bankers.


source: Ameinfo

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