| Qatar Investment Authority (QIA), plans to sell a stake in Vinci, valued at $425m. The sovereign wealth fund is selling 6.46 million shares, or a 1.1% stake, in the French construction company through a private placement arranged by Societe Generale.
QIA has held stake in Vinci for five years, and will retain 3.9% following the transaction. The Qatari fund is the ninth largest in the world with assets worth $250m, according to Gulf News. The sale of Vinci shares is “part of the routine portfolio management activities undertaken by QIA from time to time,” the report said...............................................Full Article: Source
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