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Monday, November 30 - 2009

Qatar Holding becomes Songbird top shareholder

  • Qatar: Sunday, October 11 - 2009 at 09:57

The investment arm of Qatar Investment Authority, Qatar Holding has announced that it has become the largest shareholder in Songbird Estates with total investment exceeding £350m, Reuters has reported. The firm had taken up its right to 24% of ordinary shares issued, in addition to its subscription to preference shares and participation in a £135m credit facility that it will provide together with other key Songbird shareholders including CIC and Morgan Stanley Real Estate Funds. Songbird is the principal owner of London's Canary Wharf business hub.

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