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QIA in talks to boost stake in Spanish property firm

DOHA, April 2, 2016

Qatar Investment Authority (QIA),  the sovereign wealth fund of the gas-rich emirate, is in talks to boost its stake in Spain’s largest listed property group Colonial.

A benchmark leader in the Paris commercial property market, Colonial said it was in discussion with QIA on a possible contribution of its shares in Societe Fonciere Lyonnaise via non-cash capital increase.

According to experts, even after the transaction, the Qatari fund will not reach 30 per cent of voting rights in Colonial.

No date has been reached on the agreement yet, said QIA.-TradeArabia News Service

Tags: Stake | QIA | Spanish property | Qatar fund |

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