FINANCIAL NEWS

Qatar Holdings to inject usD1b in European Goldfields

02 Oct 2011

(MENAFN) Qatar Holdings announced lately that it would inject about usd1 billion in European Goldfields.

Ahmad al-Sayed, CEO of Qatar Holdings said that the company would acquire 10 percent stake from the Greek Construction Company Ellaktor and would have an option to buy an additional 5 percent stake.

He added that Qatar Holdings will finance the London-listed company operations in Greece with USD600 million.

The investment comes a year after Greece signed MoU with Qatar to attract USD5 billion of investment into Greece’s debt-ravaged economy.

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