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QIA, Brookfield....acquire 100pc of London's CWG.

Qatar-led group acquires 100pc of Canary Wharf

MANAMA, April 22, 2015

Qatar Investment Authority and Brookfield Property Partners have acquired 100 per cent of London's Canary Wharf Group (CWG) after buying out the remaining shareholders.

Brookfield owned 22 per cent of CWG before the deal, said a report in the Gulf Daily News (GDN), our sister publication.

The venture had already agreed to acquire Songbird Estates, which owned 69 per cent of CWG, in January in a deal that valued Songbird at about $3.9 billion.

Songbird shares are expected to stop trading on London's AIM market tomorrow, according to a statement. - TradeArabia News Service

Tags: Qatar | deal | QIA | acquire | Wharf | Canary | Brookfield |

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