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Qatari's eye HoF in £300m deal – reports

HoF2Department store chain House of Fraser could be reunited with Harrods in a £300m deal.

According to press reports over the weekend the Qatari royal family has been having discussions with HoF shareholders ahead of a possible £300m purchase.

The Qatari's bought Harrods in 2012 from Mohamed Al-Fayed, who split Harrods and HoF in 1985. The family also owns a 26% stake in Sainsburys.

HoF has a broad shareholder base and was privatised in 2006 after an investment led by Icelandic investment group Baugur which collapsed in 2009, and now has shareholders including Icelandic bank Lansbanki and two divisions of Lloyds.