Qatar Holding set to oppose Glencore-Xstrata tie-up plan
Aug 31, 2012 | 12:41 PM
| Claire Hack
LONDON Qatar Holding LLC plans to vote against the merger of Xstrata Plc and Glencore International Plc in a meeting of shareholders to be held Sept. 7, the company said.
The Qatari sovereign wealth fund, which now holds an 11.67-percent stake in Zug, Switzerland-based Xstrata, said it wont support the merger at the current ratio of 2.8 Glencore shares for every Xstrata share.....
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