Qatar flexes muscle in shock Glencore move

Newswire

* Qatar seeking 16 pct increase in merger ratio * Sovereign fund shock move comes at 11th hour * Move shows fund's evolution as investor, bankers say By Dinesh Nair DUBAI, June 27 (Reuters) - Qatar Holding's shock rebuff of Glencore's offer in its $30 billion takeover bid for miner Xstrata indicates a new, muscular stance by the sovereign fund which had long been content to be the quiet investor in its big-name portfolio. Late Tuesday, Qatar, Xstrata's second largest shareholder and ...

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