New York: Qatar’s sovereign wealth fund, which was already the single largest shareholder in Tiffany & Co, has raised its stake in the US luxury jeweller by one percentage point, according to a regulatory filing.
The fund, the Qatar Investment Authority (QIA), increased its holding in Tiffany at the end of December, bringing its stake to 8.7 percent, according to the filing.
QIA first disclosed a stake in Tiffany, of 5.2 percent, last April. The sovereign wealth fund has been looking increasingly to buy minority equity stakes in large companies since last year.
It has taken small stakes in companies such as Royal Dutch Shell, luxury conglomerate LVMH and oil company Total.
Read more: http://thepeninsulaqatar.com/international-business/225491-qatar-sovereign-fund-raises-us-luxury-jeweller-tiffany-stake-.html
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