Greece-based construction group Ellaktor sells stake in European Goldfields while Goldman Sachs reportedly could soon see its stakebuilding in the London Metal Exchange pay off.
The Qatari state’s sovereign wealth fund, the Qatar Investment Authority (QIA), acquired CAD$180.2m (US$171.4m) of shares in Canada and UK-based mining company European Goldfields from Greece-based construction firm Ellaktor on Monday, through its subsidiary Qatar Holding.
The sum is in addition to an agreement to provide $600m in structured debt financing, which will be used to help fund the development of gold deposits in Greece. The size of the stake acquired by Qatar Holding is 9.9%, with the option…
