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Qatari wealth fund snaps up 5% stake in Tiffany Friday, 20th April 2012
Photo credit: Tiffany & Co. campaign
Qatar’s sovereign wealth fund has acquired a 5.2 per cent stake in US jeweller Tiffany & Co.
The Qatar Investment Authority also owns Harrods, a 17 per cent stake in Volkswagen, which owns Audi and Lamborghini, and a 1 per cent stake in LVMH.
The QIA’s stake in the jeweller is worth around USD 437 million.
The purchase makes the QIA Tiffany’s largest shareholder.