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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Qatar pays $2.8 bln for Spanish power stake

Posted on 16 March 2011

From Businessweek.com: An arm of Qatar’s sovereign wealth fund is buying more than 6 percent of Spanish power utility Iberdrola for just over 2 billion euros.
The companies said on Monday that Qatar Holding will pay 2.02 billion ($2.82 billion) for the stake, which will mostly come from nearly issued shares……………………………………….Full Article: Source


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