Government of Singapore Investment Corp., which manages more than $100 billion, has raised its stake in Xstrata Plc (XTA) by 20 percent and trimmed its holding in Glencore International Plc (GLEN) since the companies said they planned to combine.
The sovereign fund has increased its Xstrata stake to 29.05 million shares from 24.1 million shares since Feb. 8, the day after Glencore offered to acquire the shares in Xstrata it doesn’t already own for $37.6 billion, data compiled by Bloomberg show. GIC cut its Glencore stake by 21 percent to 33.2 million shares. Full story
