08 Sep 2012
(MENAFN) Qatar Investment Authority (QIA) is eyeing to increase its stake in Royal Dutch Shell to 7 percent to invest its wealth in more European assets, according to a report by the Middle East Economic Survey (MEES).
MEES said that the gulf sovereign wealth fund was looking to raise its stake from below 3 percent, which would make it the biggest shareholder, above Blackrock’s 5 percent.
Shell declined to comment on the report.
In May, MEES reported that Qatar was looking to buy 3-5 percent of Shell.
QIA has been is an aggressive buyout drive in recent years, deploying profit from its natural gas riches into assets ranging from German sportscar maker Porsche to UK’s department luxury store Harods.
QIA has bought stakes in French oil major Total and European utilities Energias de Portugal and Iberdrola.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more