Qatar Holding set to oppose Glencore-Xstrata tie-up plan

Aug 31, 2012 | 12:41 PM | Claire Hack

Tags  Xstrata, Glencore International, Qatar Holding, merger plan, 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 won’t support the merger at the current ratio of 2.8 Glencore shares for every Xstrata share.....

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