Qatar Holdings to Approve Glencore, Xstrata Merger

Platts reported that Qatar Holdings, a major Xstrata  shareholder, would approve a merger between Xstrata and Glencore.

As quoted in the market report:

Qatar Holdings said it would therefore use its entire shareholding in Xtrata to vote that the New Scheme Resolution 1 and New Scheme Resolution 2 being passed, while at the Further Xtrata General Meeting it would abstain from voting in the Management Incentive Arrangements and vote in favor of Resolution 1.

To view the whole Platts report, click here.