Sheikh Hamad bin Jassim bin Jabr Al Thani, who played a key role in Glencore International Plc’s takeover of Xstrata Plc, is returning to dealmaking a year after his ouster as prime minister and head of Qatar’s sovereign wealth fund.
The man who is providing Deutsche Bank AG with a 2.1 billion-euro ($2.9 billion) cash infusion, and a vote of confidence, held talks with banks about getting a loan to finance the investment and to hedge it.
Deutsche Bank AG is taking 1.75 billion euros ($2.4 billion) of Qatari funds to shore up capital, joining banks from Barclays Plc to Credit Suisse Group AG courting the world’s richest nation during times of need.
Tamim bin Hamad Al Thani had just turned 15 years old the summer his father overthrew his grandfather. It was June 1995. While Sheikh Khalifa bin Hamad Al Thani, the emir of Qatar, was traveling in Switzerland, Tamim’s father deposed him in a bloodless coup.
Deutsche Bank AG is betting its 8 billion-euro ($11 billion) capital increase will help it grab market share in fixed income as a slump in trading prompts competitors including Barclays Plc to retreat.