QIA takes control of Colonial in €718m SFL investment

By Richard Hook2018-10-17T09:11:00

Qatar’s sovereign wealth fund QIA has become the largest shareholder of Spanish listed real estate giant Colonial via a major share swap and capital increase.

QIA has gained its enhanced position of 20%, up from 10% to move ahead of Mexico’s Finaccess’ 18%, in the wider Colonial Group through a non-cash capital increase of 53.5m Colonial shares and share swap in the group’s French subsidiary Société Foncière Lyonnais (SFL).

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