Qatar Holding denies reports over AUX share deal
- Qatar: Thursday, September 27 - 2012 at 09:35
Qatar Holding, the investment arm of the Gulf country's sovereign fund, has denied it was in talks to buy a minority stake in Brazilian billionaire Eike Batista's gold company AUX, Reuters has reported. "Qatar Holding wishes to make clear that it is not, and has never been, involved in discussions regarding such an acquisition. There is therefore no foundation, past or present, to such speculation," the investment firm said. The news service quoted three banking sources earlier this week as saying Qatar Holding was in advanced talks to buy a 49% stake in AUX for about $2bn.
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