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Nov 21, 2012 | 05:26 PM

Qatar seals fate of Glencore-Xstrata deal

Tags  Qatar Holding, Xstrata Plc, Glencore International Plc, merger, soverign wealth fund, executive retention, Ivan Glasenberg, Mick Davis Sir John Bond

Only days ago, Qatar’s sovereign wealth fund told Xstrata Plc privately that it supported the current management team and wanted them to remain with the firm, according to people familiar with the matter.

But Qatar Holding appears to have been a little too concerned about being perceived as neutral in the eyes of the public, a strategy that people familiar with the matter said was at odds with the Fund’s private views.

On Thursday November 15, Qatar Holding threw its weight behind the merger, but not the incentive package designed to keep key Xstrata staff at the merged entity. ....


Author

Andrea Hotter

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