TIDMXTA TIDMGLEN
RNS Number : 9621L
Qatar Holding LLC
11 September 2012
Statement in relation to proposed merger of Glencore
International plc ("Glencore") with Xstrata plc ("Xstrata")
Doha, 11 September 2012 - Qatar Holding LLC ("QH") notes the
announcement made yesterday by Glencore with details of its
revision to the terms of the proposed merger of Glencore and
Xstrata (the "Revised Proposal"). In order to provide clarity to
the market and following consultation with the Takeover Panel, QH
wishes to make clear that it has made no decision yet as to whether
or not it would accept the Revised Proposal. QH will make its
decision in due course after giving careful consideration to the
implications of the proposed management changes, the other elements
of the Revised Proposal and the views of Xstrata's board.
For further information:
Website: www.qatarholding.qa
Enquiries: +44 (0)20 7861 3232 (Stephen Benzikie / Alisdair Haythornthwaite)
+44 (0)20 7404 5959 (Mike Harrison / Carole Cable)
NOTES TO EDITORS:
QATAR HOLDING LLC
Qatar Holding, a wholly-owned subsidiary of Qatar Investment
Authority, is a global investment corporation and a preferred
partner of choice for investors, financiers and other
stakeholders.
It is envisaged that the already significant investment
portfolio of Qatar Holding will continue to grow. Key investments
of Qatar Holding include Agricultural Bank of China, Barclays plc,
Canary Wharf Group (via Songbird Estates), Credit Suisse Group,
Harrods Group, Hassad Food Company, Iberdrola SA, J Sainsbury plc,
London Stock Exchange, Lagardere, Porsche, Qatar Exchange, Qatar
Telecom, Qatar National Bank, Santander Brasil and Volkswagen
AG.
This information is provided by RNS
The company news service from the London Stock Exchange
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