Persuading Songbird investors to accept bid may be beyond Our Ken - FT.com:
"Build it and they will come. Few developments have fulfilled that promise better than Canary Wharf, whose control the Qataris are seeking via a £2.6bn takeover offer. The east London business district, home to banks such as HSBC and Citi, hums with commerce. When visionary developer Paul Reichmann began building in the eighties, critics derided the Wharf as a white elephant.
That description now applies more aptly to the ownership structure than the place. Ken Costa, a veteran banker, has been parachuted in as a representative of the Qatar Investment Authority. The wealth fund’s bid in conjunction with Brookfield could reduce the muddle, if it is successful.
“Ken knows the Qataris well and the UK system backwards,” says a fellow grandee, “The QIA may also figure he’s so close to God that will get the deal over the line.”"
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