Welcome to AMM Inner Circle 

This is your insider’s guide to the metals industry, with in-depth commentary and analysis by AMM’s executive editor. Separate from AMM's daily news coverage, AMM Inner Circle will offer market intelligence of a different kind. This is where you can get inside the heads of industry executives and market experts, where conversations happen, where our editors can share some of their insights outside of the constraints of traditional news and market stories. We'll take you behind the numbers and explain what they mean, post a wealth of reference material, and really dig into the issues facing the market today - join the Inner Circle and gain access to a new level of market intelligence. 

All sections are accessible to AMM subscribers. Sections with the unlocked icon are open to the public.

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. ....


Andrea Hotter

Write a comment

All comments are subject to editorial review.