Qatar Holding and Simon Glick have raised their stakes in Songbird Estates, majority owner of Canary Wharf Group, The Wall Street Journal reports. The Qatari company, a subsidiary of the country’s sovereign wealth fund, acquired 28.5 million ordinary shares, boosting its stake by 3.7% to 27.7%.
It also holds an interest in 840 million warrants, which will bring its total voting rights to 27.8% in Songbird. GF Investments II, an investment vehicle for Glick and his family, purchased 8.8 million shares, raising its stake by 1.1% to 25.1%.
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