Xstrata board is close to shareholder agreement on £140m bosses' payouts
Updated: 2012-09-29 22:26:22
The board is understood to be close to agreement with shareholders on possible £140million retention bonuses for Xstrata executives, though some remain opposed to the proposals.
Aerospace and defence groups BAE and EADS are threatening to walk away from the deal unless all but a few formalities are completed by October 10.
Royal Bank of Scotland yesterday released its price range for floating the insurance group. It had been expected that the group could be worth up to £3billion, but it could be valued as low as £2.4billion.