DUBAI: Qatar’s sovereign wealth fund is selling a stake worth about US$640mil in Veolia Environnement SA, months after reducing holdings in Credit Suisse Group AG and Rosneft PJSC.
Qatari Diar Real Estate Investment Co, the property arm of Qatar Investment Authority (QIA), will sell about 26.1 million shares in the French utility, or around 4.6% of share capital, according to a statement from the Doha-based firm. Veolia’s shares closed at €19.91 in Paris trading on Monday.
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