Qatar inpact with European Goldfields deal

7 October 2011: Qatar Holdings has signed an agreement to buy a $1bn (approx Rs 4,900 crore) stake in London-based European Goldfields from Greek building firm Ellaktor with plans to invest another $600m (approx Rs 2,940 crore) in the mining company, Reuters has reported, citing a source with direct knowledge of the deal. Qatar Holdings is buying a 10 per cent stake from the 25 per cent stake Ellaktor holds in European Goldfields and will invest $600m in European Goldfields.

Source: Ameinfo