Qatar’s Sheikh Hamad takes €1bn bet on Spain with retail stake - FT.com:
"A Qatari investor has placed a €1bn bet on Spain’s economic recovery, with a deal to acquire 10 per cent of El Corte Inglés, the country’s biggest retailer and owner of the eponymous chain of department stores.
The Spanish group confirmed the sale of the stake to Sheikh Hamad bin Jassim bin Jabr al-Thani, a former Qatari prime minister, late on Monday.
“It gives us great satisfaction to be joined by a global investor who is so qualified . . . The new shareholder will accompany us in our growth and expansion,” said Dimas Gimeno, the group chairman."
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