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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Qatar mulls Christie’s bid as Emir buys art, plans cultural hub

Posted on 26 October 2010

From Bloomberg: A possible Qatari bid for Christie’s International Plc would help its emir make the country into a Middle Eastern hub of the global art market, dealers said. The Qatar Investment Authority, the country’s Doha-based sovereign wealth fund, owns stakes in financial institutions including Credit Suisse Group AG and Barclays Plc. The fund paid 1.5 billion pounds for Harrods in May and invested $2.8 billion in Agricultural Bank of China Ltd.’s initial public offering in June.

Anne-France Malrieu, Artemis’s public relations spokeswoman, and the emir of Qatar’s office both declined to comment. Christie’s doesn’t comment on speculation, Matthew Paton, the company’s U.K. head of public relations, said in an interview…………………………………….Full Article: Source


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