Qatar keen on Glenstrata merger

Qatar, the second-largest investor in miner Xstrata, is in favour of the company’s proposed $32bn (£20bn) tie-up with commodities trader Glencore, Prime Minister Sheikh Hamad bin Jassim al-Thani said yesterday. Sheikh Hamad said at a news conference: “We are looking in favour of a merger between the two companies.” But he stopped short of signalling whether the Gulf state would vote for last month’s final offer.