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FINANCIAL NEWS
Qatar Holding enters into a USD389m French partnership
01 Dec 2012
(MENAFN) Qatar Holding has inked a deal with a French partner to co-invest in small and medium businesses in France.
The partnership will have capital of USD389 million, both partners said, adding that they will invest in companies “engaged in sectors with high growth potential and where both partners have common interests.
Qatar Holding has been on an aggressive buyout spree in the last few years, buying some of Europe’s most valuable assets.
In France alone, it holds stakes in luxury group LVMH , media to aerospace group Lagardere, oil giant Total and soccer club Paris St Germain.
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