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Qatar SWF invests in aerospace parts firm
The Qatari sovereign wealth fund invested $75 million in Doncasters Group, a company specialized in manufacturing precision aircraft components, ahead of its listing on the New York Stock Exchange. The company is expected to raise up to $746.7 million through an initial public offering with a share price range of $28 to $32, which would boost its market valuation to around $4.51 billion if priced at the upper limit. Doncasters focuses on manufacturing complex parts for aircraft engines and industrial turbines, with several current shareholders participating in the offering after investing $66 million.
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