Qatar Slows Glencore, Xstrata Deal

Reuters reported on the man who is slowing and may stop a merger between Glencore (LSE:GLEN) and Xstrata (LSE:XTA) until shareholders reach “better terms.”

As quoted in the market news:

Ahmad al-Sayed, the Qatari investment manager holding the fate of Glencore’s (GLEN.L) $26 billion takeover of Xstrata (XTA.L) in his hands, is known as an aggressive negotiator who relishes the big deal.

The lawyer was formerly general counsel at Qatar Investment Authority (QIA), the sovereign wealth fund of the gas-rich Gulf state, before taking the helm as chief executive of Qatar Holding in 2008.

Click here to read the full Reuters report.