Women’s Wear Daily
04.16.2014
fashion-memopad
fashion-memopad

Qatar Holding Ups Stake in Lagardère

The owner of Harrods in London has crossed the threshold of 10 percent in the voting rights of the French media group.

fashion-memopad/news
Most Recent Articles In Memo Pad
Most Recent Articles In Memo Pad More Articles By

UPPING ITS STAKE: Qatar Holding LLC — the owner of Harrods in London — has crossed the threshold of 10 percent in the voting rights of French media group Lagardère SCA, it declared in a filing to the French stock market authority AMF.

Qatar Holding now owns 16,820,531 shares in Lagardère, equivalent to 12.83 percent of the firm’s capital and 10.05 percent of voting rights, after acquiring shares on the open market, it said in the financial document. This cements its position as the media group’s principal shareholder, but Qatar said it did not intend to acquire a majority stake in Lagardère.

Qatar Holding, established in 2006, invests on behalf of the State of Qatar and is linked to the royal family of the Gulf nation. The investment vehicle seems to have a penchant for French stocks these days: Last week, Qatar Holding disclosed that it had acquired a 1.03 percent stake in French luxury giant LVMH Moët Hennessy Louis Vuitton.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.

Ads by Google

Newsletters
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

Publications

ArticleFinder

Media


Choose By

Clear

How it works

Close

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.


Or