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Qatar Royal family may buy Valentino Fashion Group
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Mon July 9, 2012 11:08 am

INTERNATIONAL. Qatar’s royal family is close to buying Valentino Fashion Group SpA from Permira Holding Ltd. for 550 million British pounds (US$852 million) with an announcement expected this week, Sky News reported on its website, without saying how it obtained the information.

Qatar’s royal family would make the purchase and not the country’s sovereign wealth fund, Sky reported.

A representative at the office of the Qatari Emir Hamad Bin Khalifa Al Thani declined to comment when Bloomberg contacted him by phone today.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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UAE. As a gateway of opportunity for Asia, Dubai has a key role in driving growth momentum; Between 2010 and 2013, GCC-China trade grew faster than with any other significant trade partner.
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