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Sovereign Wealth Funds Briefing - Categorized | Market

Dufry’s Duty Free Purchase Attracts Cash From Qatar, Singapore

Posted on 31 March 2015

The planned acquisition by Switzerland’s Dufry AG of Italian rival World Duty Free SpA marks the latest push by Qatar and Singapore into Europe as funds based in the countries target the region’s growth areas.
The Singaporean sovereign-wealth fund GIC Pte, the Asian country’s state investment firm Temasek Holdings Pte and the Qatar Investment Authority are each committing as much as 450 million Swiss francs ($467 million) to Dufry. The investments will help fund the Swiss company’s purchase of WDF, a deal that will form the world’s leading airport-retail operator………………………………………..Full Article: Source


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