Qatar Holdings signed a deal on Saturday to buy a stake in London-based European Goldfields from Greek building firm Ellaktor and will invest another $600 million in the mining company, a source with direct knowledge of the deal told Reuters. "Qatar Holdings is buying a 10 percent stake from the 25 percent stake Ellaktor holds in European Goldfields and will invest 600 million dollars in European Goldfields," the source said.
Greece granted European Goldfields a long-awaited permit in July that allows it to mine for gold in the north of the country, a move set to turn the London-based firm into the European Union's largest primary gold producer. Qatar's Emir Sheikh Hamad bin Khalifa al-Thani met Prime Minister George Papandreou in Athens on Saturday.
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