Wednesday 21 March 2012

Court told of McKillen's Qatari funding - RTÉ News

The High Court in London has been told that property developer Paddy McKillen has negotiated funding from investors in Qatar to secure control of three top hotels in London.
Mr McKillen is challenging Sir Frederick and Sir David Barclay's takeover of the hotels last year.
Mr Justice David Richards disclosed that Mr McKillen has negotiated a 50/50 joint venture with Qatari investors who include Sheik Hamed, the prime minister of Qatar.

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