| Qatar Investment Authority, which has investments in companies ranging from Glencore to Volkswagen, plans to sell part of its stake in Vinci valued as much as $425 million. The sovereign wealth fund will sell about a 1.1 per cent stake, or up to 6.46 million shares, in the French construction company via a private placement arranged by Societe Generale, according to a statement.
The fund has held a stake in Vinci for over five years and will continue to hold about 3.9 per cent after the transaction. The Qatari fund, the ninth largest sovereign wealth fund in the world with assets of over $250 billion, according to the Sovereign Wealth Fund Institute, said last month it’s planning to invest $35 billion in the US over the next five years as it opened an office in New York...............................................Full Article: Source
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