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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar wealth fund buys 2pct of France’s Total, becomes one of its top shareholders

Posted on 15 March 2012

Qatar’s sovereign wealth fund has accumulated a 2% stake in French oil major Total SA (TOT) over several months, according to a person familiar with the matter, the latest sign of the tiny emirate’s buying power in France.
“(The Qataris) bought shares on the market, as they are astute investors,” said the person familiar with the matter. “Since last summer, the share price increased quite a bit, so this was a valid investment,” the person said. With a 2% stake, Qatar became one of Total’s largest individual shareholders………………………………………..Full Article: Source

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