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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Barwa real estate firm offers to acquire Qreic

Posted on 05 March 2010

From Gulf-times.com: Barwa Real Estate Investment Company has made an offer to acquire Qatar Real Estate Investment Company (Qreic). Qatari Diar, an associate of Qatar Investment Authority, will retain 45% stake in the enlarged Barwa Group.

Barwa is acquiring Qreic at QR36.30 each for share, implying a 30.6% premium over the closing price on January 7, after which the enlarged Barwa group will have a combined market capitalisation in excess of QR11.10bn and become the ninth largest listed entity in the Qatari bourse and sixth largest public listed company in the GCC……………………………………..Full Article: Source

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