Qatar Fund to Pay $616 Million for Stake in Hong Kong Retailer - Bloomberg:
"Qatar Investment Authority agreed to pay about HK$4.78 billion ($616 million) for a stake in a Hong Kong department store operator as the sovereign wealth fund diversifies its global portfolio.
QIA, the owner of the Harrods department store in London, agreed to buy 20 percent of Lifestyle International Holdings Ltd. (1212) for HK$14.75 a share, according to a statement from the Hong Kong-listed company. Lifestyle shares fell as much as 7.3 percent to HK$13.54 in the city as they resumed trading today after being halted on Sept. 24.
The deal adds to QIA’s investments this year including an European e-commerce company and global business travel through a joint venture with American Express Co. Lifestyle runs a SOGO shopping mall in Hong Kong and four in China."
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