ADQ Acquires Minority Stake in Sotheby’s
Abu Dhabi’s sovereign wealth fund, ADQ, has reached an agreement with Patrick Drahi, the French-Israeli telecoms tycoon and owner of Sotheby’s, to acquire a minority stake in the renowned auction house. Estimated at around $1 billion and expected to close by the end of the year, the transaction involves ADQ purchasing newly issued shares of […]
