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Shell welcomes Qatar as a ‘major’ investor

LONDON | Fri May 11, 2012 5:11am EDT

(Reuters) – Royal Dutch Shell (RDSa.L) said it welcomed Qatar as a “major” investor following a report saying that the Gulf state’s sovereign wealth fund was planning to buy a 3-5 percent stake.

“We are delighted to welcome the Qatar Investment Authority as a long term and major shareholder in Shell, and particularly given our excellent strategic relationship with the Qatari state,” a spokeswoman said in a statement.

(Reporting by Tom Bergin)

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