Qatar investor acquired 10% stake in Spanish retail firm for $1.1 billion
Qatar investor, Sheikh Hamad Bin Jassim Bin Jaber Al Thani, has acquired a 10 percent stake in Spanish retail firm El Corte Ingles for $1.1 billion.
El Corte Ingles had a turnover of some 14 billion euros in 2013 for a net profit of 174 million euros. The food, clothing and household goods retailer, which is not listed, has about 90 stores in Spain and employs 95,000 people.
To see a list of investor from the Middle East, see the Directory of Venture Capital and Private Equity from the Middle East.
More details follows from AP
July 16, 2015 | Filed under Qatar Investors
Previous Post: A consortium of Middle East investors acquired stake in Canadian food firm
Next Post: UAE investment firm Lulu acquired London's Scotland Yard headquarters for $170 million