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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar in exclusive talks to buy Silverstone circuit

Posted on 29 August 2011

Qatar is racing ahead to buy another British landmark. The Harrods-owner, Qatar Investment Authority (QIA), is said to be in exclusive talks to buy Silverstone Formula One race track.
The British Racing Drivers’ Club (BRDC), the current owner of the circuit, has entered into discussions with the sovereign wealth fund to lease the 850-acre Silverstone site for 150 years. The deal is worth up $250 million pounds. The QIA was selected as the preffered bidder from a shortlist of interested parties drawn up by PricewaterhouseCoopers……………………………………….Full Article: Source

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