Qatar demand puts Glencore-Xstrata mega merger in doubtReported by France 24 on Wednesday, 27 June 2012 (on June 27, 2012)
A huge merger between commodities giants Glencore and Xstrata was thrown into doubt Wednesday after the sovereign wealth fund of Qatar, Xstrata's second-largest shareholder, opposed the deal's terms.
Qatar Holdings (QH) said in a statement to the London Stock Exchange that "whilst it sees merit in a combination of the two companies, it is seeking improved merger terms."
Both Switzerland-based Glencore and Xstrata are listed in London.
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