Saudi Wealth Fund in Talks to Buy Rocco Forte Hotels Stake
- Minority stake could value Brown’s owner at €1.3 billion
- PIF has been boosting hospitality sector investments
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Saudi Arabia’s sovereign wealth fund is in talks to buy a stake in Rocco Forte Hotels Ltd. that could value the luxury hotels group at about €1.3 billion ($1.4 billion), people with knowledge of the matter said.