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.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more