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Qatar wealth fund in US$622m Empire State deal

Thursday, August 25, 2016 - 05:50

New York

QATAR Investment Authority, the sovereign wealth fund of the Middle Eastern country, bought a 9.9 per cent interest in Empire State Realty Trust, owner of New York's Empire State Building.

The fund purchased 29.6 million newly issued Class A common shares at US$21 each,

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