Deals
Qatari Sheikh Keeps Taste for Trophy Deals Honed in QIA Days
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While most sovereign wealth funds in the Gulf are moving away from European trophy assets, Sheikh Hamad Bin Jassim Bin Jabr Al Thani is sticking to a strategy honed as head of the $250 billion Qatar Investment Authority.
The former Qatari prime minister is taking a 10 percent stake in Spain’s El Corte Ingles, western Europe’s largest department store owner, adding to an agreement last year to inject 1.75 billion euros ($1.94 billion) into Deutsche Bank AG. He’s also taken over Jersey energy company Heritage Oil Plc. as he builds his portfolio as an individual investor.