Qatar boosts Xstrata stake to over 10%

DOHA - Qatar’s sovereign wealth fund lifted its stake in miner Xstrata, which is merging with commodities trader Glencore, to over 10 per cent, forging ahead with its recent spate of share-buying in European blue-chip companies.

By (Compiled from agencies)

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Published: Sun 10 Jun 2012, 11:21 PM

Last updated: Tue 7 Apr 2015, 12:23 PM

Qatar Holding now owns more than 301 million shares in the diversified mining group including options, giving the country a 10.047 per cent holding in the company, according to a regulatory filing. Qatar has been steadily building its stake in Xstrata recently. On Thursday it raised its holding to 9.43 per cent.

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