Saudi wealth fund buys 40% stake in Selfridges department store
by Sarah Butler from World news | The Guardian on (#6RA94)
Thai conglomerate Central Group to co-own high-profile retailer with Saudi Public Investment Fund
Saudi Arabia's sovereign wealth fund has bought a stake in the upmarket department store Selfridges in its latest move on a high profile British asset.
The Saudi Public Investment Fund (PIF) said it had signed a deal to buy a 40% stake in the loss-making retailer for an undisclosed sum.
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