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.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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