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Qatar sets up $2.5bn JV with Italy to invest in Italian firms
- Qatar: Tuesday, November 20 - 2012 at 02:37
Qatar Holding has signed a joint venture agreement with Italy's strategic investment fund FSI to invest in Italian companies in sectors including food, fashion and luxury, furniture and design, tourism and leisure, Reuters has reported. The venture is aimed at investing in "leading businesses and at creating value through several levers, including sector consolidation and transformation through organic and international growth," FSI said. Under the terms of the accord, the joint venture will have total capital of up to €2bn ($2.5bn), to be provided equally by both partners over the first four years.
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