Qatar Royal Family May Buy Valentino Fashion Group, Sky Reports
By Robert Tuttle -
2012-07-08T13:31:21Z
Qatar’s royal family is close to buying Valentino Fashion Group SpA from Permira Holding Ltd. for 550 million British pounds ($852 million) with an announcement expected this week, Sky News reported on its website, without saying how it obtained the information.
Qatar’s royal family would make the purchase and not the country’s sovereign wealth fund, Sky reported.
A representative at the office of the Qatari Emir Hamad Bin Khalifa Al Thani declined to comment when Bloomberg contacted him by phone today.
To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net
To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.