PIF Buys a Minority Stake in Rocco Forte Hotels
Posted on 10/31/2023
Saudi Arabia’s Public Investment Fund (PIF) acquired a minority stake in Rocco Forte Hotels Ltd. The deal has come through and PIF has acquired a 49% stake in Rocco Forte Hotels. The deal values the luxury Italian hotel group at €1.5 billion. Sir Rocco Giovanni Forte will control the majority share of 51%. Rocco Forte…
