Deals
Qatar Holds Out on Glencore as Davis Heads for Exit
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Glencore International Plc Chief Executive Officer Ivan Glasenberg is still waiting for a decision from Qatar on whether it will support this year’s largest takeover, five days after a late-night meeting with the emirate’s prime minister bought more time for the deal.
Sovereign wealth fund Qatar Holding LLC hasn’t reached a conclusion on Glencore’s revised 22 billion-pound ($35 billion) offer for Xstrata Plc, the fund confirmed today.