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Qatar boosts Tiffany stake
- Qatar: Wednesday, February 13 - 2013 at 03:07
Qatar Investment Authority (QIA), the Gulf country's sovereign wealth fund, has boosted its stake in Tiffany & Co, the world's second-largest luxury jewellery retailer, Bloomberg has reported. According to a regulatory filing, QIA increased its stake to 8.7% from 7.8% at the end of last year. The value of QIA's 11 million-share stake is now estimated at around $700m.
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