Bloomberg News

Qatar Plans to Back Xstrata-Glencore Merger, Sunday Times Says

April 15, 2012

Qatar told Xstrata Plc (XTA) that it will back the mining company’s planned merger with Glencore International Plc (GLEN), the Sunday Times reported, without saying where it got the information.

Qatar Holding LLC, an investment unit of the country’s sovereign wealth fund, built a 5.5 percent stake in Xstrata by last week, putting it in the most powerful position to influence shareholder votes on the union, according to the newspaper.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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