Qatar, the second-largest shareholder in takeover target Xstrata, has again raised the stakes in its standoff with suitor Glencore, announcing for the second day in a row that it has bought shares, taking its holding to over 11 percent.
Qatar Holding bought shares consistently after commodities trader Glencore's $26 billion all-share bid for Xstrata was announced in February, lifting its stake from 3 percent to almost 11 percent, but the buying stopped after sovereign wealth fund's surprise announcement in June that it was demanding improved terms to support the deal.
It only resumed buying on Friday, in a purchase announced Monday, and it returned to the market on Monday, according to a regulatory filing on Tuesday.
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