| Qatar Holding LLC has agreed to pay $616 million for about one fifth of Lifestyle International Holdings, a department operator in Hong Kong and mainland China - the latest addition of a high-end retail brand to the sovereign wealth fund's portfolio.
Lifestyle's stores include a SOGO branded store in Hong Kong's bustling shopping district of Causeway Bay and four Jiuguang stores on the mainland. A unit of Qatar Holding will pay HK$14.75 per share for the 19.9 percent stake, a 1 percent premium to Lifestyle's last traded price of HK$14.60, the statement added. Qatar Holding will get one board seat on the completion of the transaction...............................................Full Article: Source
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