Wednesday 14 March 2012

Qatar builds 2 pct stake in Total -report | Reuters

The sovereign wealth fund of Qatar has built up a 2 percent stake in France's oil major Total since last summer, according to newspaper Les Echos.

The stake is now worth more than 2 billion euros, the paper wrote in its Wednesday edition without citing its sources.

The oil-rich state of Qatar is now among Total's top five shareholders, after the company's employees, and Belgian investor Albert Frere.

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