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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

Qatar wealth fund visits Spanish companies

Posted on 18 March 2011

The head of Qatar’s sovereign wealth fund, Qatar Holdings, visited several Spanish companies, including Telefonica , during a stay in the Spanish capital, sources close to the meetings said.
Cash-rich Qatar pledged 3 billion euros ($4.2 billion) in investment to Spanish companies during Prime Minister Jose Luis Rodriguez Zapatero’s visit to the Gulf state in February. The sovereign wealth fund bought a 6.2 percent stake in utility Iberdrola for 2.2 billion euros earlier this week……………………………………….Full Article: Source

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