Qatar fund set to buy major stake in Ireland's Eir - Irish Times

Qatar's sovereign wealth fund is set to buy a major stake in Irish telecoms firm Eir, the Irish Times reported on Thursday, in a move that would likely support its plans to hold off from a stock market flotation for now. The Qatar Investment Authority (QIA) is on course to acquire York Capital, Eir's second-largest shareholder's stake of about 15 percent, in addition to a number of smaller shareholdings owned by other hedge funds, the newspaper said, without quoting any sources.