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FINANCIAL NEWS
Qatar Holding buys more shares in Xstrata
23 Jul 2012
(MENAFN) Qatar Holding has increased its already second largest stake in Xtrata to 10.997 percent, Reuters reported.
Qatar spent just under USD7.8 million to buy an extra 590,390 shares in the miner, according to a regulatory filing.
Commodities trader Glencore, which is the largest shareholder in Xtrata with 34 percent stake, is seeking to build a mining and trading powerhouse by merging with Xstrata.
Glencore made a USD26 billion takeover offer for Xtrata. However, Qatar, which was expected to support Glencore, surprised the market last month by demanding an improved offer.
Glencore and Qatar are currently locked in talks.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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