(MENAFN) Qatar Holding (QH), the main investment arm of Qatar's sovereign wealth fund, stated that it is still deciding on Glencore's latest bid for a merger with Xstrata, reported AP.
The company, the second-biggest shareholder in Anglo-Swiss Xstrata, added that it will give careful thought to the implications of the proposed management changes; the other elements of the revised proposal and the views of Xstrata's board before making its decision.
On Friday, Glencore International, the Swiss commodities trader, announced that it was increasing its bid from its original 2.8 shares for each Xstrata share to 3.05 shares, nevertheless, the company, which owns more than a third of Xstrata, has indicated that it may leave the idea of a merger and go for a complete takeover.
It is worth noting that Xstrata's independent directors are mulling over Glencore's offer, and by September 24 they will announce whether they plan to put the Glencore offer to a shareholder vote.
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