Qatar to buy London’s Canary Wharf for $4 billion

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SHAFAQNA (Shia International News Association) – British media reported that Qatar won a bid to buy London’s Canary Wharf for $4 billion. On Wednesday (28 Jan.) the current majority owner, Songbird Estates, recommended to other shareholders to accept the 350p per share offer.

“It is now the board’s understanding that each of the major shareholders intends to accept the offer,” Songbird said in a statement.

According to the UK business sources Qatar has a significant presence in London and owns Harrods department store as well as the Shard skyscraper, and own significant stakes in the British supermarket chain Sainsbury’s and the London Stock Exchange and half of the Olympic Village apartments in Stratford.

www.shafaqna.com/english

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