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Saudis buy 49% stake in Forte Hotels group

Sir Rocco Forte is increasing the pace of expansion of his luxury hotel group after selling a 49 per cent stake to Saudi Arabia’s sovereign wealth fund which values the business at £1.4 billion.

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Saudi Arabia snaps up 49% of Rocco Forte Hotels

The deal by the Public Investment Fund - which owns Newcastle United - values the owner of the Balmoral and Brown s hotels at around £1.2bn.

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Saudi wealth fund buys 49% stake in luxury hotel chain Rocco Forte

Saudi Arabia’s Public Investment Fund plans to invest in the group to help it expand further worldwide.

Saudi arabiaUnited kingdomLucy frazerRocco forteOlga polizziTurqi al nowaiserSalman al saudPublic investment fundRocco forte hotelsSir rocco forteForte hotelsSir roccoMiddle eastAbu dhabi backedDaily telegraphSecretary lucy frazer

Saudi wealth fund to buy stake in luxury hotel chain Rocco Forte

Dec 4 - Saudi Arabia s sovereign wealth fund will buy a significant minority stake in luxury hotel group Rocco Forte Hotels and expand into various. -December 04, 2023 at 02:53 am EST - MarketScreener

Saudi arabiaUnited kingdomRocco forteYadarisa shabongOlga polizziDhanya ann thoppilNivedita bhattacharjeeRocco forte hotelsForte hotels

Newcastle United s Saudi owners take major stake in luxury hotel chain - days after Heathrow purchase

Newcastle United s Saudi owners take major stake in luxury hotel chain - days after Heathrow purchase
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Saudi arabiaUnited kingdomTurqi al nowaiserRocco forteAmanda staveleyOlga polizziSalman al saudYasir al rumayyanSaudi arabia public investment fundRocco forte hotelsPublic investment fundNewcastle unitedForte hotelsSir roccoDirector amandaMiddle east