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Sovereign Wealth Funds Briefing - Categorized | Market

M&S jumps 9pct on back of ‘bid move’ by Qatar sovereign fund

Posted on 20 March 2013

Marks & Spencer Group Plc, the UK’s largest clothing retailer, rose the most since March 2009 in London trading on speculation the Qatar Investment Authority (QIA) is considering an £8bn (€9.3bn) offer.
The stock gained as much as 9.4pc to 407.4p and was up 7.9pc at 402p at the opening, boosting the company’s market value to £6.5bn. QIA has approached banks and private-equity houses, including CVC Capital Partners, to assemble a group to make a move on the London-based retailer, according to weekend reports, citing senior sources in London’s financial district………………………………………..Full Article: Source


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