THE DAILY TELEGRAPH: Qatar has bought a "major" stake in Royal Dutch Shell as it continues its international corporate spending spree, amid reports it may also buy a stake in Eni and increase its holding in Xstrata.
Shell confirmed that the Qatar Investment Authority had amassed a significant stake in the company, but declined to say how large, dismissing as "speculation" reports that Qatar was in "very advanced talks" to buy a 3-5pc stake.
"We are delighted to welcome the Qatar Investment Authority as a long term and major shareholder in Shell, and particularly given our excellent strategic relationship with the Qatari state,” a Shell spokesman said.
It is thought Qatar's stake so far could be just under 3pc, given there has been no stock market announcement that it has passed the 3pc disclosure threshold.
Shell shares rose in London, with its 'A' shares up 0.5pc and 'B' shares up 0.35pc in midday trading. » | Emily Gosden | Friday, May 11, 2012
My comment:
At this rate, the West will soon all be owned by the Islamic world. Then it will be 'game, set, and match.' – © Mark
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