Qatar Holding Backs Glencore $31 Billion Bid for Xstrata

Businessweek 16 November 2012
By Jesse Riseborough, Matthew Campbell and Firat Kayakiran

Qatar Holding LLC, Xstrata (XTA) Plc’s second-largest shareholder, will vote for a $31 billion bid for the mining company by Glencore International Plc, boosting the likelihood the year’s biggest takeover will succeed.

The investment arm of the Qatar Investment Authority "continues to see merit in a combination of the two companies and is satisfied with the (continue reading...)