| Qatar Investment Authority (QIA) and Hong Kong’s Lau family are considering options, including a full takeover of department store operator Lifestyle International Holdings Ltd, after the sovereign wealth fund bought a minority stake, according to people with knowledge of the matter.
QIA and Thomas Lau, Lifestyle’s chief executive officer and largest shareholder, see more value in the US$2.9 billion (RM9.5 billion) company by taking it private, the people said. QIA yesterday agreed to buy 19.9 per cent of Lifestyle, the owner of Sogo department store, for about HK$4.78 billion (RM2 billion). A full takeover offer isn’t imminent, the people said...............................................Full Article: Source
|