Qatar Holding in Talks Over European Goldfields Stake, Sky Says - Bloomberg

A Qatari sovereign wealth fund is holding talks to invest $1 billion in European Goldfields Ltd. (EGU), the London-listed company behind one of the biggest gold-mining projects in Greece, Sky News said, without citing anyone for the information.

Qatar Holding LLC, owner of the department store Harrods, is poised to sign a deal that will give it a big shareholding in European Goldfields, which is listed on the London and Toronto stock exchanges, according to the Sky News website.

The deal could be announced as early as today and, assuming it goes through, will be confirmed in a statement on Oct. 3, Sky said. Qatar Holding and European Goldfields were both unavailable for comment, Sky said.

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