The Gulf state of Qatar accumulated a small stake in Siemens, Germany's most valuable company, worth roughly 2.4 billion euros ($3.08 billion), adding to the natural gas-rich country's portfolio of minority investments around the world.
In a regulatory filing published on Tuesday, the German industrial group said that a subsidiary of the state-owned Doha Insurance Company (DIC) had exceeded the 3 percent threshold in voting shares on May 7, which triggered the mandatory disclosure.
The Gulf nation's immense supply of natural gas have made it so rich, it has been snapping up assets at a breakneck pace as it struggles to find enough attractive investment opportunities to keep up with its constantly growing cash pile.
No comments:
Post a Comment