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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatari SWF unit becomes Songbird’s top shareholder

Posted on 12 October 2009

From Kuwaittimes.net: Qatar Holding, the investment arm of Qatar’s sovereign wealth fund, said yesterday it had become the largest shareholder in Songbird Estates, owner of much of London’s Canary Wharf business hub.
AIM-listed firm Songbird has confirmed plans for a 620 million pound ($991.3 million) placing, an open offer of shares at one penny each and a 275 million pound preference share placing, the latter with Qatar Holding and China Investment Corp’s (CIC) Fullbloom Investment Corp unit…………………..Full Article: Source

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