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Thursday, 1 June 2017

Qatar stake in Credit Suisse rises above 5 pct | Reuters

Qatar stake in Credit Suisse rises above 5 pct | Reuters:

"Major Credit Suisse investor Qatar Investment Authority (QIA) has increased its stake in the Swiss bank to 5.01 percent of shares, Credit Suisse said on Thursday. "In a disclosure report dated May 30, 2017, Credit Suisse Group AG was notified that as of May 24, 2017 the Qatar Holding LLC which is controlled by the State of Qatar held 17.98 percent of the voting rights entered in the Commercial Register (5.01 percent shares; 12.96 percent purchase rights)," Zurich-based Credit Suisse said in a statement. Qatar Holding is controlled by Qatar Investment Authority, the Gulf Arab state's acquisitive sovereign wealth fund. In a November 2016 disclosure on the Swiss stock exchange, Qatar Holding's share stake was given at 4.93 percent."

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