Qatar Holding inks $389m French partnership

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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.

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