Sovereign wealth fund Qatar Holding has amassed a stake of slightly more than 1% in French luxury goods group LVMH Louis Vuitton Moet Hennessy (MC.FR), the latest in a series of investments in France by the gas-rich emirate.
Qatar Holding holds a 1.03% interest in the company and has less than 1% of voting rights in LVMH, the French company said in a legal filing Thursday. Based on LVMH’s share price of EUR135 at the close on the Paris bourse Thursday, the stake is worth around EUR699 million. Qatar Holding declined to comment………………………………………..Full Article: Source