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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Qatar Airways on verge of buying 35 pct of Cargolux

Posted on 09 June 2011

Qatar Airways, half-owned by the Gulf Arab state’s sovereign wealth Qatari Investment Authority, is on the verge of buying a 35 percent stake in Cargolux, providing a long-term investor for Europe’s largest all-freight airline.
A Cargolux spokeswoman said on Wednesday that a deal would be signed on Thursday, with Qatar Airways acquiring holdings that the Luxembourg state and other groups bought during the economic crisis………………………………………..Full Article: Source


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