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Qataris buy Italian fashion house Valentino

July 12
9:44 AM 2012

A Qatari group has agreed to buy the prestigious Italian fashion house Valentino from its private equity owner Permira, in a deal that underlines the kingdom's appetite for trophy assets.

The deal values Valentino at about 700 million euros ($857.46 million), people familiar with the situation said.

The acquisition is being made through Mayhoola for Investments SPC, an investment vehicle backed by a major private investor group from Qatar, the parties said on Thursday.

This article is copyrighted by Reuters

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