Qatar Holding, the second-largest shareholder in takeover target Xstrata (XTA.L), has added to its stake in the miner, in its first purchase since it made an unexpected demand for better terms from suitor Glencore (GLEN.L) last month.
Qatar spent just under 5 million pounds ($7.8 million) to buy an extra 590,390 shares on Friday at 8.47 pounds each, according to a regulatory filing on Monday, taking its stake to 10.997 percent of the miner and building what is already the largest holding after commodities trader Glencore's 34 percent.
Xstrata shares were trading at 8.18 pounds on Monday at 0915 GMT, down 2.7 percent, marginally above a 3.2 percent drop in the broader UK mining sector .FTNMX1770, as fresh concerns over Europe weighed on the market.
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