Qatar fund ‘eyes assets of Italian group’

Qatar fund ‘eyes assets of Italian group’:

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Qatar’s sovereign fund could team up with real estate company Hines to buy assets from troubled Italian developer Risanamento, Il Sole 24 Ore reported yesterday, citing financial sources.

State-owned Qatar Holding has approached some of Risanamento’s shareholders to pave the way for a potential bid on the assets the Italian real estate group owns in France and its Santa Giulia redevelopment area, the Italian daily wrote.

The total value of the assets is unknown, but Qatar would have to offer more than 1.3bn euros ($1.7bn) for the French properties, the newspaper said."

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