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May 10, 2010

Qatar Holding, the investment arm of the Qatari royal family, has purchased London department store Harrods from its billionaire owner Mohamed Al Fayed.

Qatar Holding, the investment arm of the Qatari royal family, has purchased London department store Harrods from its billionaire owner Mohamed Al Fayed.
 
Al Fayed's advisors Lazard International made the announcement in a statement released on Saturday. "The Al Fayed family trust, owners of Harrods, announce that they have today sold the Harrods Group to Qatar Holding," it said.
 

May 6, 2010

The Washington Post Company, the family-controlled publisher, announced yesterday it is exploring the possible sale of its flagship magazine Newsweek.

The Washington Post Company, the family-controlled publisher, announced yesterday it is exploring the possible sale of its flagship magazine Newsweek.

March 29, 2010

Ford’s sale of Volvo yesterday to China-based Zhejiang Geely Holding Group Company Ltd for $1.8 billion represents a loss of $4.7 billion and finally draws a line under the excesses of the past.

Ford's sale of Volvo yesterday to China-based Zhejiang Geely Holding Group Company Ltd for $1.8 billion represents a loss of $4.7 billion and finally draws a line under the excesses of the past.

Bill Ford Jr, great-grandson of founder Henry Ford and current executive chairman, was just getting his feet under the table as chairman of the board of directors when Ford paid $6.5 billion for Volvo in 1999.

March 26, 2010

Independent News and Media, the family-controlled publishing company, has finalised the sale of its two flagship titles, the Independent and the Independent on Sunday, to Russian media mogul Alexander Lebedev.

Independent News and Media, the family-controlled publishing company, has finalised the sale of its two flagship titles, the Independent and the Independent on Sunday, to Russian media mogul Alexander Lebedev. 

March 4, 2010

Francoise Bettencourt Meyers, the daughter of L’Oreal heiress Liliane Bettencourt, has denied the family is looking to sell its 31% stake in the company to Switzerland-based food giant Nestle.

Francoise Bettencourt Meyers, the daughter of L'Oreal heiress Liliane Bettencourt (pictured), has denied the family is looking to sell its 31% stake in the company to Switzerland-based food giant Nestle.
 

March 1, 2010

Thailand’s former prime minister, Thaksin Shinawatra, had more than half of his assets seized by the supreme court on Friday after nine justices agreed he had deliberately hidden his wealth and concealed his shareholdings in the family business.

Thailand's former prime minister, Thaksin Shinawatra (pictured), had more than half of his assets seized by the supreme court on Friday after nine justices agreed he had deliberately hidden his wealth and concealed his shareholdings in the family business.
 

February 26, 2010

Independent News and Media, the family-controlled publishing company, looks close to a deal to sell its two London-based titles the Independent and Independent on Sunday to Russian businessman Alexander Lebedev.

Independent News and Media, the family-controlled publishing company, looks close to a deal to sell its two London-based titles the Independent and Independent on Sunday to Russian businessman Alexander Lebedev.
 
In the clearest sign yet that a deal is imminent, the UK's Office of Fair Trading posted an invitation yesterday asking for comment on the "anticipated acquisition of the Independent and Independent on Sunday by Lebedev Holdings Limited."
 

February 16, 2010

Solvay, the family-controlled international chemical group, has announced it has finalised the sale of its pharmaceutical business to Abbot for €5.2 billion.

Solvay, the family-controlled international chemical group, has announced it has finalised the sale of its pharmaceutical business to Abbot for €5.2 billion. On the back of antitrust clearances, the Belgium-based company also said it planned to buy back up to 5.1 million of the company's own shares.

January 18, 2010

Baron Helmut von Finck, an heir of the Merck Finck and Co private banking dynasty, is suing his two half brothers for breaching the terms of his father’s will.

Baron Helmut von Finck, an heir of the Merck Finck and Co private banking dynasty, is suing his two half brothers for breaching the terms of his father's will.

According to a report in UK newspaper the Independent on Sunday, Baron von Finck is contesting the 1990 sale of the bank to Barclays, claiming his father, August, stated the Germany-based bank should remain independent.
 

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