A shareholder vote to seal the proposed multi-billion dollar merger of Swiss commodity giants Glencore and Xstrata has been pushed back to September, press reports said on Monday.
Shareholder meetings have been postponed from mid-July amid negotiations between Glencore and Qatar Holding, one of Xstrata's largest shareholders, the Financial Times said.
A Glencore spokesman declined to comment when contacted by AFP.
Mining group Xstrata will this week publish revised terms of the deal, according to the British daily which cited three people familiar with the case.
Commodities trader Glencore and Xstrata formalised in February a highly anticipated deal to create a raw materials juggernaut with a market capitalisation of $90 billion (72 billion euros).
Glencore is offering 2.8 of its shares per Xstrata share.
Qatar Holding, which holds a 10.98-percent stake in Xstrata, announced at the end of June however that an exchange ratio of 3.25 Glencore shares "would provide a more appropriate distribution of benefits of the merger whilst properly recognising the intrinsic stand-alone value of Xstrata."
