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Qatar Investment Authority

All articles tagged with #qatar investment authority

sports1 year ago

Qatar Fund Invests in Audi's F1 Future with Strategic Stake

The Qatar Investment Authority (QIA) has acquired a significant minority stake in Sauber Holding AG, which will become Audi's factory team in Formula 1 by 2026. This strategic investment aims to support the team's infrastructure and growth, aligning with QIA's focus on long-term growth potential. The move comes as Sauber prepares for its transition to Audi, with new leadership and driver line-ups, including Mattia Binotto and Jonathan Wheatley. The investment reflects confidence in Audi's F1 project and the growing commercial potential of Formula 1.

via Formula 1|
#audi-f1#formula-1#investment
sports1 year ago

Qatar Acquires Stake in Audi's Formula 1 Team

The Qatar Investment Authority (QIA) has acquired a significant minority stake in Sauber Holding AG, the future Audi Formula 1 team, providing a substantial capital injection to enhance infrastructure and recruitment. This investment, part of Audi's strategy to strengthen its F1 project, will be finalized by mid-2025, with QIA gaining a board seat. Audi CEO Gernot Döllner emphasized the importance of this partnership in achieving the team's long-term goals and becoming a top competitor in F1 by 2026.

via RACER|
#audi-f1#formula-1#qatar-investment-authority
finance2 years ago

"Qatar's Sale of Barclays Shares Puts Pressure on CEO Amid Strategy Refresh"

Barclays is facing challenges as major investor Qatar Investment Authority reduces its stake by 45%, raising concerns about the upcoming strategy update. The bank plans to focus on generating higher returns without cutting jobs or reducing capital allocation to the investment bank, but skepticism remains. Barclays' shares have fallen 50% since 2016, and the QIA's sale is expected to drive them lower. In other news, a former Goldman Sachs analyst is facing insider trading charges for allegedly using confidential information to make profitable trades.

via eFinancialCareers|
#barclays#finance#goldman-sachs
real-estate2 years ago

Qatar Investment Authority Acquires Park Lane Hotel in $623M Deal

Qatar Investment Authority, the sovereign wealth fund of Qatar, has purchased the Park Lane Hotel in New York City for nearly $623 million from Steve Witkoff's company. The fund's acquisition is part of its ongoing expansion into the New York real estate market. The future plans for the property are currently unknown. Witkoff had originally intended to convert the hotel into high-end condos but put the project on hold due to market saturation. The sale comes after a series of legal issues and failed attempts to sell the property at a higher price.

via The Real Deal|
#new-york-real-estate#park-lane-hotel#qatar-investment-authority
sports2 years ago

Qatar's sovereign wealth fund to acquire stake in Monumental Sports and Entertainment.

The Qatar Investment Authority is set to purchase a minority stake in Monumental Sports and Entertainment, which owns the Washington Capitals, Washington Wizards, and Washington Mystics, becoming the first sovereign wealth fund to invest in American pro sports. The deal values MSE at $4.05 billion, and the NHL has already approved the sale, while the NBA is currently reviewing it. Qatar has increasingly invested in sports over recent years, despite concerns about human rights abuses in the country.

via Russian Machine Never Breaks|
#monumental-sports-and-entertainment#nba#qatar-investment-authority
sports2 years ago

Qatari Wealth Fund Acquires Majority Stake in Wizards Parent for $4.05B

The Qatar Investment Authority is buying a 5% passive minority stake in Monumental Sports & Entertainment, the parent company of the Washington Wizards and Capitals, for $4.05 billion, marking the first time a sovereign fund has invested in major U.S. team sports. The investment will be used to fuel growth in the group’s existing properties and future acquisitions. The NBA has approved private equity investments, including endowments, family offices, and sovereign wealth funds. The deal must still be approved by the NBA Board of Governors.

via Sportico|
#monumental-sports-and-entertainment#qatar-investment-authority#sovereign-wealth-fund