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FINANCIAL NEWS
Qatar investment fund buys stake in French web shop
12 Jan 2014
(MENAFN) Qatar Investment Authority said that it has taken a minority share in Vente-Priv”e, a French online retailer, Arabian Business reported.
This stake purchase represents the first online step for the Qatari fund, which has shares in different types of companies such as Volkswagen, Heathrow airport and Barclays Bank.
Vente-Priv”e joint founder has also increased his shareholder stake from 20 to 25 percent. The web shop has around 20 million members from eight European countries.
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