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Qatar fund mulls bid for Amanresorts

Qatar's sovereign wealth fund is likely to bid for high-end resort chain Amanresorts International when final bids are due next week, Dow Jones has reported, citing people familiar with the situation. The bids are likely to be between $450m and $550m, one of the people said, with the deal likely to close by December. Amanresorts has high-end resorts in 16 locations, from Sri Lanka to Turkey to Southern Utah, charging rates between $700 and more than $3,000 according to its website.