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.
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More details follows from AP
July 16, 2015 |
Filed under Qatar Investors
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