Standard Life Investments, a major shareholder of both Xstrata and Glencore, says it will vote...

|About: Glencore Plc (GLCNF)|By:, SA News Editor

Standard Life Investments, a major shareholder of both Xstrata and Glencore, says it will vote in favor of the proposed merger of the companies but against the retention package. It expects the deal to close, based on indications that Xstrata shareholder Qatar Holding supports the merger and since shareholders can vote on the retention package without affecting their vote on the deal.