What is the relationship between Glencore and Baar in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

Having transformed Glencore from a poorly understood commodities trader based in Baar into one of the world's largest resources companies through the spectacular $US60 billion float four years ago and the takeover of mining group Xstrata in 2013, the hard-nosed South African was lauded as a savvy deal maker.

Answer: headquarters_location