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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar holds $914mln stake in French luxury retailer

Posted on 19 March 2012

Sovereign wealth fund Qatar Holding has built up a stake of more than one percent in French luxury goods group LVMH Louis Vuitton Moet Hennessy.
Qatar Holding holds a 1.03 percent interest in the company, the French company said in a legal filing cited by Zawya Dow Jones. Based on LVMH’s share price of EUR135, the stake is worth around EUR699m ($914m). Qatar Holding declined to comment, it reported………………………………………..Full Article: Source


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