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Saudi Arabia’s Public Investment Fund Wants More From Selfridges

Press Room by Press Room
July 22, 2024
in Business
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LONDON — Selfridges could finally be getting a boost after its minority shareholder Rene Benko’s troubled Signa property filed for insolvency following the collapse of the holding company in November 2023.

Saudi Arabia’s Public Investment Fund, which already has a 10 percent stake in the Selfridges properties, is offering a cash price of 1 million British pounds for a 40 percent stake in the retailer.

The investment firm…



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