Qatar set to make $12 billion bid to buy Marks & Spencer
Quotes

Qatar set to make $12 billion bid to buy Marks & Spencer

Last Updated: Monday, March 18, 2013, 09:24
 
 Comment 0
 
Qatar set to make $12 billion bid to buy Marks & Spencer
London: Marks & Spencer is set for an eight billion pounds (USD 12.10 billion) takeover bid from Qatar.

The state-owned Qatar Investment Authority is said to be poised to make a move on the clothing chain.

M&S would be the latest firm targeted by the Gulf state which bought Harrods in 2010 and owns a 26 percent stake in Sainsbury’s, the Sun reports.

The iconic store, having a staff of nearly 78,000, saw sales slump by 1.8 percent at Christmas. Its share value last week stood at just over six billion pounds.

M&S refused to comment over the takeover.

ANI


First Published: Monday, March 18, 2013, 08:59


Comments


comments powered by Disqus
Reminiscing Lincoln Continental
Reminiscing Lincoln Continental
Jaguar high-wire water crossing
Jaguar high-wire water crossing
2015 DFW Auto Show
2015 DFW Auto Show
Samsung Galaxy S6, Galaxy S6 Edge
Samsung Galaxy S6, Galaxy S6 Edge
Hyundai i20 Active
Hyundai i20 Active

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved