Qatar's 7 percent stake in Xstrata (XTA.L), makes it not only the miner's largest investor after Glencore, but also a potential kingmaker in the two companies' merger and an unknown quantity for its future that investors are desperate to read.
The reclusive sovereign wealth fund has been steadily buying Xstrata shares, spending some $2.7 billion (1.6 billion pounds) to lift its holding from below 3 percent at the start of February, when the tie-up with commodities trader Glencore (GLEN.L) was announced.
It has bought virtually every day this month, a crucial period of courting for miner Xstrata and commodities trader Glencore, as the two jointly toured key investment funds.
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