Qatar Holding inks $389m French partnership

  • Share via facebook
  • Tweet this
  • Bookmark and Share

French state-owned bank Caisse des Depots and Qatar's sovereign fund Qatar Holding said on Friday they signed a memorandum of understanding (MOU) to co-invest in small and medium businesses in France.

The partnership will have capital of 300 million euros ($389m) and invest in companies "engaged in sectors with high growth potential and where both Qatar Holding LLC and Caisse des Depots have common interests," the joint statement said.

Qatar Holding has been one of the most world's most active investors.

In France alone, it holds stakes in luxury group LVMH , media to aerospace group Lagardere, oil giant Total and soccer club Paris St Germain.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Women edge into Gulf boardrooms as economies, societies shift

Women edge into Gulf boardrooms as economies, societies shift

Amina al-Rustamani, CEO of TECOM Investments, is leading the...

2
Dubai mulls rule change to lure more domiciled funds

Dubai mulls rule change to lure more domiciled funds

Proposed rules would create a new class of funds in the Dubai...

Gulf's rift over Qatar may slow investment, reforms

Gulf's rift over Qatar may slow investment, reforms

Analysts suggest dispute may not hurt immediately but could impact...

Most Discussed