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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

UK retail giant on Qatar’s radar?

Posted on 18 March 2013

A news report by London’s The Sun newspaper has revealed that Qatar’s sovereign wealth fund may be eyeing UK retail chain Marks & Spencer in deal worth estimated to be USD 12 billion.
The retail giant boasts about 1000 global stores, also maintaining presence in the UAE and Saudi Arabia. Marks & Spencer employs about 80,000 people all over the world. Latest financial results of the company show a 9.7 percent decline in profit to the six months up to the end of September 2012. However, sales have increased by 0.9 percent to GBP £4.7 billion during this period………………………………………..Full Article: Source


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