Thailand’s Central Group and Saudi Arabia’s Private Investment Fund agreed to form a partnership following the latter’s acquisition of a 40% interest in Selfridges.

Saudi Arabia’s Public Investment Fund is set to become a minority partner in UK department-store chain Selfridges after buying out the position of the now-insolvent Signa Group.

Saudi Arabia’s Public Investment Fund has now decreased their stake in Nintendo Co. Ltd. in Japan.

Saudi’s trimming of its stake in Nintendo was noted in a Japanese regulatory filing this week, as reported by CNBC. According to the filing, the Saudi PIF has reduced its overall stake in the company from 8.58 percent down to 7.54 percent. It’s a sizeable trim, but the PIF still remains one of the largest investors in the company.

Saudi Arabia’s Public Investment Fund (PIF) is now a joint owner of the business behind upmarket department store chain, Selfridges, it has been confirmed. Thai investor Central Group has announced a deal which will see it own 60 per cent of the group’s operating and property companies,

Saudi wealth fund buys 40% stake in Selfridges - It comes after Austrian real estate conglomerate Signa, which had co-owned Selfridges with Thai firm Central, collapsed into insolvency last year.