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Sovereign Wealth Funds Briefing - Categorized | Financials, Trends

With Italian fund, Qatar again aids Europe

Posted on 21 November 2012

Qatar agreed on Monday to invest as much as 1 billion euros ($1.3 billion) in Italian companies, aiding efforts by Italy’s Prime Minister Mario Monti to breathe life into a weak economy.
Italy has joined a growing list of European states looking to tap Qatar’s vast wealth to support national industries that are struggling to finance their way out of recession. A joint venture between Italy’s strategic investment fund and state-owned Qatar Holding will invest in sectors including food, fashion and luxury goods, furniture and design, tourism and leisure, the Italian fund said in a statement on Monday……………………………………….Full Article: Source

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