Tuesday, 11 September 2012

Dealmaking cameo may prove lucrative for fixer Blair | Reuters

If Tony Blair's cameo proves to be a deciding factor in winning support from Qatar for a Swiss commodity trader's $36 billion bid for a giant mining firm, the former British prime minister could become a sought-after fixer in global finance.

Blair's surprise involvement in a last-minute breakthrough between Glencore and the government of Qatar, which is a shareholder in Glencore's target Xstrata, shows that Blair's Middle East connections are paying off.

Those links are likely to prove ever more valuable as Gulf states look to invest their oil and gas riches overseas to diversify their wealth.

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