Qatar says it will back Xstrata-Glencore deal

Published November 15, 2012

| Reuters

Qatar Holdings, Xstrata's second largest investor, said on Thursday it will back Glencore's raised bid for the miner.

The tiny, gas-rich Gulf state has become an unexpected kingmaker in commodity trader Glencore's now $36 billion bid for Xstrata, the world's fourth largest diversified miner.

(Reporting by Sarah Young; editing by James Davey)

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