Qatar Holding LLC, a unit of the Persian Gulf emirate’s sovereign-wealth fund, agreed to buy a 40 percent stake in Milan’s newly built Porta Nuova business district to expand its Italian real estate holdings.
Four companies owned by state-run Qatar Petroleum plan to sell shares to the public in the coming years as the country, home to the world’s third-largest gas reserves, seeks to build its $136 billion stock exchange.
Katara Hospitality is in talks to buy “iconic” hotels in London and Rome as the unit of Qatar’s sovereign-wealth fund seeks to more than double its properties by 2030, said Chief Operating Officer Christopher R.J. Knable.
VTB Group, Russia’s second-largest lender, said investors including sovereign wealth funds in Norway, Qatar and Azerbaijan have agreed to buy all $3.3 billion of new shares it’s selling to increase capital.
Aventicum Capital Management plans to invest in equities and credit as the venture of Credit Suisse Group AG and Qatar Holding LLC seeks opportunities in emerging markets, its chief executive officer for Qatar said.
Qatar, home to the world’s third- largest gas reserves, said it’s creating a $12 billion investment fund to buy distressed assets overseas and will seek to sell shares in the new entity to investors within weeks.
Qatar Holding LLC, the foreign investment arm of the country’s sovereign wealth fund, plans to seek a credit rating from Standard & Poor’s and Moody’s Corp in the “next few months” and had zero corporate debt on its balance sheet at the end of last year, the fund’s chief executive officer said.