Qatar’s Glencore Kingmaker Breaks Exile With Deutsche Bank Deal - Bloomberg

Qatar’s Glencore Kingmaker Breaks Exile With Deutsche Bank Deal - Bloomberg:



"Sheikh Hamad bin Jassim bin Jabr Al Thani, who played a key role in Glencore International Plc (GLEN)’s takeover of Xstrata Plc, is returning to dealmaking a year after his ouster as prime minister and head of Qatar’s sovereign wealth fund. 




Sheikh Hamad is injecting 1.75 billion euros ($2.4 billion) into Deutsche Bank AG through his Paramount Holdings Services Ltd. investment vehicle, the Frankfurt-based bank said May 18. That follows an offer by his Al Mirqab Capital SPC vehicle for Jersey-based Heritage Oil Plc. less than three weeks earlier.



After taking what he called a “year of rest” since leaving office, Sheikh Hamad is back as a private investor, hunting for acquisitions such as the investments in Barclays Plc (BARC) and Total SA he helped oversee as head of Qatar’s $100 billion wealth fund. The country’s investment abroad averaged $60 billion a year between 2008 and 2012, the International Monetary Fund said last year."



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