×
653
Fashion Jobs
COLUMBIA SPORTSWEAR COMPANY
Assistant Merchandising Manager
Permanent · BENGALURU
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Firozabad
Permanent · Firozabad
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Phagwara
Permanent · Phagwara
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Karnal
Permanent · Karnal
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Belagavi
Permanent · Belagavi
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Baddi
Permanent · Baddi
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Moradabad
Permanent · Moradabad
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Idukki
Permanent · Idukki Township
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Garhmukteshwar
Permanent · Garh Mukteshwar
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Ranikhet
Permanent · Ranikhet
TRIANGLE WEAVERS
Production Manager
Permanent · Cherthala
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kasauli
Permanent · Kasauli
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Calicut
Permanent · Kozhikode
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Balrampur
Permanent · Balrampur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Nahan
Permanent · Nahan
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kanchipuram
Permanent · Kanchipuram
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Rishikesh
Permanent · Rishikesh
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Chennai
Permanent · Chennai
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Bareilly
Permanent · Bareilly
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Nainital
Permanent · Nainital
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kanyakumari
Permanent · Kanyakumari
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Ghaziabad
Permanent · Ghaziabad
By
AFP
Published
Jan 28, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Qatar set to buy London's Canary Wharf district

By
AFP
Published
Jan 28, 2015

LONDON, United Kingdom - Qatar looked to have won a drawn-out bid to buy London's Canary Wharf on Wednesday after the owner of the landmark office quarter said its main shareholders favoured a sale.

The board of Songbird, which controls 69 percent of Canary Wharf Group, appeared to concede defeat despite stressing that the offer worth £2.6 billion ($4.0 billion) remained undervalued.

Michael Kors is one of the many high-end stores located at London's Canary Wharf | Photo: canarywharf.com


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

It added however that "the board... continues to believe that the offer does not reflect the full value of the business, its unique operating platform and its prospects".

Sovereign wealth fund Qatar Investment Authority (QIA), in partnership with US group Brookfield Property Partners, had in December proposed an improved "final offer" for Songbird.

The cash bid, pitched at 350 pence per share, compared with a previous 295-pence-per-share or £2.2-billion offer that was rejected last November.

QIA, which owns Harrods department store and the Shard skyscraper in London, already has a 28.6-percent stake in Songbird.

Brookfield owns 22 percent of Canary Wharf Group.

The former Docklands area of London where Canary Wharf is located was re-developed in the 1980s after having fallen into disrepair when the city's status as a trading hub declined. The area is now a magnet for huge building projects.

QIA owns also significant stakes in British supermarket chain Sainsbury's and the London Stock Exchange, as well as half of the Olympic Village apartments in the capital's Stratford district.

£1 = $1.52

Copyright © 2022 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.