Qatar Gains Control of Canary Wharf After Owners Accept Bid

A Qatari-led group succeeded in buying London’s Canary Wharf after the biggest shareholders of the company that controls the district accepted its bid.

Songbird Estates Plc shareholders owning 64.8 percent of the stock accepted the offer by Qatar Investment Authority and Brookfield Property Partners, according to a statement on Friday in London. Together with Qatar’s 28.6 percent stake, that gives the bidders 93.4 percent of the shares. The deal values Songbird at about 2.6 billion pounds ($4 billion).