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FINANCIAL NEWS
Canary Wharf rejects Qatar’s USD4.1b bid
06 Dec 2014
(MENAFN) The owner of London’s Canary Wharf rejected a raised USD4.1 billion bid for the financial district from Qatar and a North American investor saying it was too low, The Peninsula Qatar reported.
He said the offer from Qatar Investment Authority (QIA) and Brookfield Property Partners LP “does not reflect the full value of the company, its unique position and future growth potential”.
The Canary Wharf financial zone was established about 25 years ago on former docks and is in a Songbird portfolio that includes part ownership of the landmark “Walkie Talkie” skyscraper in the City.
Canary Wharf is preparing to start work on two major developments: a 60-storey tower with the first residential property on the estate and a 20-acre waterside site with 3,100 homes and office buildings.
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BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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