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Qatar Holding rejects terms of Xstrata merger

Qatar Holding rejects terms of Xstrata merger

Posted by on Sep 2, 2012 in Economy | 0 comments

Qatar Holding, one of the biggest holders in Xstrata, has said it opposed the terms of the Swiss miner’s proposed merger with commodity giant Glencore and would vote against the deal, Reuters has reported.

“Qatar Holding announces that, although it continues to support the principle of a combination of Glencore with Xstrata, it has determined that it will not support the proposed merger terms of 2.8 new Glencore shares for every one existing Xstrata share,” it said. The investment fund said it would vote its entire holding at a shareholders meeting on September 7.


source: Ameinfo

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