Logo of Public Investment Fund (PIF)
Saudi Arabia’s Public Investment Fund (PIF) is in talks to acquire a stake in Rocco Forte Hotels in a deal estimated at nearly $1.4 billion, Bloomberg reported, citing informed sources.
PIF is likely to buy a significant minority stake in the chain, which includes a stake owned by a fund linked to Italy's state-owned Cassa Depositi e Prestiti Bank, the sources added.
The Saudi wealth fund is seen as the frontrunner, the report noted.
The talks are still ongoing and may not take place, the news agency said, adding other competitors may apply to buy the stake.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}