"... So what's actually going to happen is that the Emirate of Qatar is going to have its state-controlled sovereign wealth fund back a private equity firm called Columbia Investments that "would have an office in London in which the former president would visit one or two days a week, according to a person familiar with the matter." The investment will be worth €250 million and as the authors note "[b]ased on the typical 1.5 per cent fees levied by private equity groups for managing €250m, the former president and his investment team would stand to gain more than €3m annually." What will the firm be doing? The plan is to "invest in 'European reconstruction' – companies in continental Europe, with a particular emphasis on Spain."
Sunday, March 31, 2013
Sarkozy working for Qatar (EUR 3 millions per year!)
Posted by G, M, Z, or B at 5:08 PM