The tie-up of the FTSE 100 giants, the biggest-ever deal seen in mining, is expected to be waved through by investors at a series of votes on Tuesday.
After Qatar’s sovereign wealth fund announced on Thursday that it would vote for the merger, the market is near certain that it will proceed. Qatar Holding holds 12pc of miner Xstrata, making it the biggest shareholder after commodity trader Glencore, which cannot participate in the vote.
However, some 1,500 retail investors, representing around 1pc of Xstrata’s share register, are expected to have a disproportionate sway over the outcome due to the way the complex vote is structured.
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