18 Mar 2013
(MENAFN) Qatar Investment Authority (QIA) is looking to takeover UK retail chain Marks & Spencer for USD12 billion, Arabian Business reported, citing The Sun newspaper.
The London daily did not mention any source for the report, nor had QIA or Marks & Spencer responded to Arabian Business’s request for comment on the matter at the time of publication.
Qatar’s sovereign wealth fund bought London luxury store Harrods for USD2.2 billion in 2010, and also owns a number of valuable assets in the UK, including a 26 percent stake in supermarket Sainsbury’s.
QIA’s other assets include an 8.7 percent stake in US jeweller Tiffany & Co, as well as a 3 percent stake in oil company Total among other assets.
Founded in 1884, Marks & Spencer has about 1,000 locations worldwide, including in the UAE and Saudi Arabia, and employs about 80,000 people.
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.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
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