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Qatar bags 5% stake in Kaupting
baby_boomer
Posts: 3,883 Forumite
The gulf state has bought a 5% stake in our favourite Icelandic bank as "a long term investment".
It would seem to indicate some confidence in the future
, although I have no idea of the price paid.
It would seem to indicate some confidence in the future
, although I have no idea of the price paid. 0
Comments
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The article also reports that Barclays is now 8% owned by investors based in Qatar.A member of Qatar's royal family has bought a 5% stake in Kaupthing Bank for £155m, making him the third-largest shareholder in Iceland's biggest bank.
Sheikh Mohammed Bin Khalifa Al-Thani bought the 5.01% stake (37.1m shares) through his Icelandic company for ISK690 (£4.18) a share.
http://www.guardian.co.uk/business/2008/sep/22/banking0
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