Qatari fund invests in French chipmaker
Doha, January 16, 2011
French chipmaker Altis has received around 50 million euros ($65.70 million) in investment from French and Qatari sovereign funds, according to newspaper reports.
Altis - formerly owned by IBM and Infineon - was bought in August by French government official Yazid Sabeg, who also owns a small-cap IT consultancy called CS Communication.
According to La Tribune, the FSI has invested 20 million euros while the Qatari Diar sovereign real estate fund has invested around 30 million.
A spokesman for the FSI was unavailable for comment. The fund was designed to support small companies deemed strategically important to France.-Reuters
More Finance & Capital Market Stories
- More support for Islamic banking urged
- Bahrain to set new takaful rules by year-end
- Oman fiscal surplus widens to $1.4bn
- Al khaliji opens new branch in Doha
- Bayzat launches online DBR calculator
- Dubai bourse tops 3,000 for first time in 5 years
- Bahrain mulls solvency rules for Takaful industry
- LuLu Exchange opens 3rd branch in Bahrain
- Saudi economic growth picks up in Q3
- GIH picks ex-Barclays banker as investment head