| Qatar Investment Authority, the Gulf state's sovereign wealth fund, is seeking backers for a potential GBP8 billion takeover of Marks & Spencer Group PLC, the Sunday Times reported, citing unidentified "senior City sources."
The newspaper said the fund has approached several large private equity firms to gauge their interest in participation, and has spoken to lenders about financing an offer. The Qatar fund already owns 26% of J Sainsbury PLC, a major competitor of M&S in food retail and clothing...............................................Full Article: Source
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