Monday, 17 September 2012

Qatar MBA Grad Outflanking Glencore Shows Ambitions of State - Bloomberg

The late-night negotiating session that led to a sweetened takeover offer by Glencore International Plc (GLEN) for Xstrata Plc (XTA) on Sept. 7 included a former British prime minister and a swashbuckling commodity-trading billionaire. It’s possible neither was the most influential man in the room at London’s Claridge’s Hotel.
That distinction might instead go to the two executives who run the $100 billion Qatari sovereign wealth fund -- Qatar Prime Minister Hamad bin Jassim bin Jabr Al-Thani, 52, owner of one of the world’s biggest yachts, and Qatar Holding LLC Chief Executive Officer Ahmad Mohamed Al-Sayed, who was named to head the fund in 2008 at the age of 32, after attending law and business schools in the U.S.

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