Thursday, 15 March 2012

Qatar Holding Amasses Over 1% Of French Luxury Group LVMH | Fox Business

Qatar's sovereign-wealth fund has accumulated a stake of just over 1% in French luxury goods group LVMH Louis Vuitton Moet Hennessy (MC.FR), the most recent in a series of investments by the emirate in France.

According to LVMH's 2011 annual report filed to the French stock market regulator, Qatar Holding now owns 1.03% and has less than 1% of voting rights in the company.

Qatar has recently invested heavily in an array of French assets, from heavy industry to makers of expensive leather handbags.

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