Qatar In Talks To Boost Shell Share Stake To 7%
In May MEES revealed that QIA had bought its first stake in Shell, continuing the swing away from its initial mandate to diversify from energy. QIA’s energy buying spree started last year – with stakes in European utility firms Energias de Portugal and Spanish electricity supplier Iberdrola. Qatar Holding, the investment arm of QIA, also owns a 3% stake in Total (MEES 14 May).
For Shell, the deal cements its...