Xstrata Bounce
February 4, 2008
XSTRATA shares could get another bounce after reports China wants to snap up a stake in the metals firm.
State-owned China Development Bank is said to have approached Xstrata’s biggest shareholder, Glencore, with an offer to buy its 35pc stake.
Xstrata boss Mick Davis effectively put the firm up for sale at the end of last year, leading to talks with Brazilian iron ore giant Vale..
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