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Qatar supports Glenstrata

THE $A50 billion Glencore-Xstrata merger is looking more certain with Xstrata's major shareholder and long-time opponent of the deal, Qatar Holding, throwing its support behind the offer ahead of Tuesday's vote.

Kristie Batten

Qatar, which holds 11.7% of Xstrata, opposed the initial offer and successfully pushed for an increased share exchange ratio, but had kept quiet since. Overnight, the sovereign wealth fund said it...

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