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Sovereign Wealth Funds Briefing - Categorized | Market

Could Qatar buy M&S?

Posted on 19 March 2013

Shares in Marks & Spencer surged today on speculation that the high street retailer is an £8 billion bid target for Middle Eastern investors. The stock jumped 8% at one stage, adding more than £500 million in value, after The Sunday Times said the Qatar Investment Authority (QIA), the Gulf state’s sovereign wealth fund, is in talks with private equity and banks about an approach.
Despite the scale of the share price movement, there was no official stock market announcement to confirm or deny the speculation………………………………………..Full Article: Source


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