Sunday 27 May 2012

Qatar goes on European shopping spree - Telegraph

Over the past three months, Qatar - a state no bigger than Yorkshire - has embarked on the financial equivalent of a £7bn supermarket sweep.
It has snaffled up key stakes in mining giant Xstrata, luxury goods group LVMH, French media group Lagardere and oil majors Royal Dutch Shell and Total.
Some have speculated that the departure of Anthony Armstrong - ex-M&A chief at the emirate's investment arm Qatar Holdings (QH) - has propelled others with a bigger thirst for acquisitions to the front of the queue, not least chief executive Ahmad Mohamed Al-Sayed.

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