PropertyEU

Qatar Holding acquires Harrods for EUR 1.7b

By A staff reporter 2010-05-10T00:00:00

Qatar Holding, the investment arm of Qatar's sovereign wealth fund, has acquired Harrods, the iconic department store in London from Egyptian businessman Mohamed al-Fayed for £1.5 bn (EUR 1.7 bn). The acquisition was the largest single investment transaction in the UK retail sector since 2007.

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