Qatar and Italy Partner for up to €2 Billion JV to Assist Italian Champions
On November 19, 2012, the government of Qatar agreed to invest up to €1 billion in “Made in Italy” companies. National industry leaders in Italy are seeking capital to bolster operations, grow exports and retain employees. Large private companies and companies closely-owned by local governments are experiencing shortages of capital to maintain operations. France is participating in similar exercises.
In addition, the sovereign debt crisis and increased regulations has put a stranglehold on European banks’ balance sheets.
Gulf institutional investors, especially ones in Qatar have banked on investing in European luxury brands and real estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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