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Qatar Holding ups its Xstrata stake again; Glencore silent on impact on merger ratio

August 20, 2012 - 14:55 GMT Location: London

KEYWORDS: Xstrata , Glencore , Qatar Holding , merger , share ratio , results

Qatar Holding (QH) has bumped its stake in Xstrata up to 11.5%, sparking rumours that Glencore could be under renewed pressure to increase its offer for the diversified miner.

QH bought 18.6 million shares in Xstrata according to a regulatory announcement, increasing its holding by 0.618%. The sovereign wealth fund has been steadily building its stake in the mining company since January...

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