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☆ Qatar to invest $5 billion in Iraq over coming years
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

DUBAI, June 15 (Reuters) - Qatar intends to invest $5 billion in a number of sectors in Iraq over the coming years, the state news agency quoted Qatar's Emir Sheikh Tamim bin Hamad al-Thani as saying on Thursday. In addition, a number of agreements were made with Qatar's private sector in the fields of energy, electricity, hotels and hospital management. Qatar is a partner in TotalEnergies' (TTEF.PA) $27 billion energy cluster of energy projects in Iraq, with a 25% stake. Qatar has said previously that, like other Gulf states, it would support regional economies through commercial investments rather by providing direct financial aid. Reporting by Clauda Tanios; Editing by Nick Macfie and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sheikh Tamim bin Hamad, TotalEnergies, Clauda Tanios, Nick Macfie, Nick Zieminski Organizations: Basra Oil Company, Thomson Locations: DUBAI, Qatar, Iraq, Thani, Baghdad, Basra, TotalEnergies

☆ Qatar to invest $5 bln in Iraq over coming years
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

☆ Exclusive: Manchester Utd negotiating exclusivity with Qatar's Sheikh Jassim in $6 billion-plus sale talks
▼ + stars: | 2023-06-15 | by ( Anirban Sen | Thomson Reuters | Anirban Sen Is The Editor In Charge For U.S. M A At Reuters In New York | ) www.reuters.com time to read: +2 min

Manchester United is widely seen as one of the most prized assets in all of sport. Shares of Manchester United jumped nearly 15% on the news, before paring some gains. Manchester United would not be allowed to negotiate with any bidder other than Sheikh Jassim for the exclusivity period. The sources cautioned that the situation remained fluid and a new bid from Ratcliffe could prevent Sheikh Jassim from securing exclusivity. Representatives for Manchester United and Sheikh Jassim did not immediately respond to requests for comment.

Persons: Qatar's Sheikh Jassim bin Hamad, Glazer, Jim Ratcliffe, INEOS, Sheikh Jassim, Anirban Sen, Amy, Jo Crowley, Greg Roumeliotis Organizations: Manchester United, Qatari, Manchester United . Manchester United, National Football League's Washington, Representatives, Deloitte, Thomson Locations: Thani, Ratcliffe, New York, London

☆ Manchester United negotiating exclusivity with Qatar's Sheikh Jassim in $6 billion-plus sale talks — sources
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: +1 min

LONDON, ENGLAND - JUNE 03: A Manchester United flag is waved from the stands during the Emirates FA Cup Final between Manchester City and Manchester United at Wembley Stadium on June 03, 2023 in London, England. Ratcliffe's offer envisions that the Glazers would keep some interest in Manchester United. Manchester United would not be allowed to negotiate with any bidder other than Sheikh Jassim for the exclusivity period. The sources cautioned that the situation remained fluid and a new bid from Ratcliffe could prevent Sheikh Jassim from securing exclusivity. Representatives for Manchester United and Sheikh Jassim did not immediately respond to requests for comment.

Persons: Michael Regan, Qatar's Sheikh Jassim bin Hamad, Glazer, Jim Ratcliffe, INEOS, Sheikh Jassim Organizations: Manchester, Emirates, Manchester City, Manchester United, Wembley, Getty, Qatari, Manchester United . Manchester United, Representatives Locations: ENGLAND, London, England, Thani, Ratcliffe

The Qatar Investment Authority (QIA) is in talks with The Sovereign Wealth Fund of Egypt (TSFE) about the deal, said two sources with knowledge of the matter, who declined to be named. The fund is considering acquiring a stake of up to 30% in the hotels, the sources said, without naming them. Relations between Egypt and Qatar soured in the wake of the Arab Spring uprisings that toppled former Egyptian President Hosni Mubarak. Regional heavyweight Saudi Arabia has led efforts to rebuild ties with Qatar and, along with Egypt, re-established diplomatic relations in 2021. Egyptian President Abdel Fattah al-Sisi met with Qatari Emir Sheikh Tamim bin Hamad al-Thani in Baghdad in August 2021 for the first time since ending the dispute.

Persons: Sheikh Hazza bin Zayed Al Nahyan, Abdel Fattah El Sisi, Sheikh Tamim bin Hamad Al Thani, St Regis Saadiyat, Egypt's TSFE, Agatha Christie's, Hosni Mubarak, Abdel Fattah al, Sisi, Sheikh Tamim bin Hamad, Hadeel El, Andrew Mills, Patrick Werr, Louise Heavens, Mark Potter, Kirsten Donovan Organizations: Abu, Abu Dhabi Executive Council, St Regis, United, United Arab Emirates, Read, Qatar Investment Authority, Sovereign Wealth Fund of Egypt, Regional, Qatar, Thomson Locations: Abu Dhabi, Egypt, Qatar, United Arab, DUBAI, Harrods, London, Aswan, Saudi Arabia, Thani, Baghdad, Ukraine, Hadeel El Sayegh, Dubai, Doha, Cairo

The funeral homily by Milan's Archbishop Mario Delpini appeared to acknowledge his excesses as well as his qualities. "What can we say about Silvio Berlusconi? [1/9] People wait for the funeral of former Italian Prime Minister Silvio Berlusconi, in Milan, Italy June 14, 2023. These included Qatar's Emir Sheikh Tamim bin Hamad al-Thani, Iraqi Prime Minister Mohammed Shia al-Sudani and Hungarian Prime Minister Viktor Orban. "Final farewell to Silvio Berlusconi.

Persons: Silvio Berlusconi, Berlusconi, Silvio, Marta Fascina, Marina, Donald Trump, Milan's, Mario Delpini, Lucia Adiele, Sergio Mattarella, Giorgia Meloni, Brothers, Matteo Salvini's, Giuseppe Conte, Rosy Bindi, Tomaso Montanari, Emir Sheikh Tamim bin Hamad, Mohammed Shia, Viktor Orban, Orban, Vladimir Putin, Putin, there's, Cristiano Corvino, Angelo Amante, Alvise Armellini, Gavin Jones, Federico Maccioni, Alexandra Hudson, Nick Macfie Organizations: MILAN, Wednesday, AC Milan soccer, Reuters, Forza Italia, Police, Italian, REUTERS, Matteo Salvini's League, European Commission, Siena's University for Foreigners, Thomson Locations: Milan, Italian, Altamura, Italy, Thani, Iraqi, Hungarian, Ukraine, Kyiv

Italian premiers have been given state funerals in the past, but this is the first time a national day of mourning has been called for one. Italy is ruled by a right-wing coalition of Prime Minister Giorgia Meloni's party Brothers of Italy, Matteo Salvini's League and Berlusconi's former party Forza Italia. Bindi, a woman often targeted by Berlusconi's sexist jibes, said the national day of mourning was "disrespectful towards the majority" of Italians who opposed the late leader. WREATHS AND SOCCER BANNERS[1/9] People wait for the funeral of former Italian Prime Minister Silvio Berlusconi, in Milan, Italy June 14, 2023. Hungarian Prime Minister Viktor Orban was also confirmed, but few other senior European politicians were expected.

Persons: Silvio Berlusconi, Berlusconi, Giuseppe Conte, Rosy Bindi, Giorgia, Matteo Salvini's, Donald Trump, Tomaso Montanari, Nardi, Lucia Adiele, Sergio Mattarella, Elly Schlein, Mario Draghi, Mario Monti, Paolo Gentiloni, Emir Sheikh Tamim bin Hamad, Mohammed Shia, Al Sudani, Viktor Orban, Cristiano Corvino, Angelo Amante, Alvise Armellini, Federico Maccioni, Alexandra Hudson, Gavin Jones Organizations: MILAN, Italian, Reuters, Matteo Salvini's League, Forza Italia, European Commission, Siena's University for Foreigners, REUTERS, Democratic Party, Thomson Locations: Milan's Cathedral, Milan, Italy, Altamura, Thani

☆ It's Fed Day. Here's what markets are eyeing as Powell gets ready to speak.
▼ + stars: | 2023-06-14 | by ( Max Adams | ) www.businessinsider.com time to read: +5 min

The Federal Reserve is set to announce a critical policy decision today — hike (possibly), pause (likely), or cut (probably not). The Fed has made 10 consecutive rate hikes leading up to today, making for one of its most aggressive tightening campaigns ever. Tuesday's cooler-than-expected inflation data is still double the Fed's 2% target, which suggests there could be more hawkishness ahead. Meanwhile, Wharton professor Jeremy Siegel suggested in a separate note that the Fed may actually be done with policy tightening altogether. He explained that, since he doesn't see a recession, the stock market could actually rally higher across all sectors because of investor FOMO.

Persons: Jerome Powell, David Bahnsen, Mohamed El, —, Christopher Waller, Wharton, Jeremy Siegel, Powell, Goldman Sachs, David Solomon, Tom Lee, FOMO, Read, Warren Buffett's, they're, Qatar's Sheikh Jassim, Jim Ratcliffe, Max Adams, Hallam Bullock, Nathan Rennolds Organizations: Federal, Reuters, Bahnsen, Reserve, Spar Group, Capital Economics, Berkshire Hathaway, Manchester United Locations: New York, London

☆ Manchester United shares hit two-month high on speculations over takeover bid
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

June 13 (Reuters) - Shares of Manchester United (MANU.N) jumped 13% to hit a two-month high on Tuesday after a report hinted that Qatar's Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid for the English football club. Qatar's Al-Watan newspaper reported on Tuesday that Sheikh Jassim, son of a former prime minister of the country, was poised to be announced as the preferred bidder of the Premier League soccer club, CNBC said. Manchester United declined a Reuters request for comment. New York-listed shares of Manchester United were trading at $23.07, after rising as much as 30% before the opening bell. The Glazer family is reportedly seeking 6 billion pounds ($7.5 billion), which would be a world record for any sports club or franchise, but neither bid is that high.

Persons: Sheikh Jassim bin Hamad, Thani, Qatar's, Sheikh Jassim, Molly Darlington, Jim Ratcliffe's INEOS, Sheikh Jassim's, Glazer, Medha Singh, Aditya Soni, Shinjini Organizations: Manchester United, English, Watan, Premier League soccer, CNBC, Reuters, Soccer Football, Manchester City, FA, REUTERS, Mail, Thomson Locations: Qatar's Al, Old Trafford, Manchester, Britain, New York, Bengaluru

☆ Manchester United shares climb on speculations over takeover bid
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

June 13 (Reuters) - Manchester United's shares (MANU.N) were up 15% in premarket trading on Tuesday after a report hinted that Qatar's Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid for the English football club. Qatar's Al-Watan newspaper reported on Tuesday evening that Sheikh Jassim, son of a former prime minister of the country, was poised to be announced as the preferred bidder of the Premier League soccer club, CNBC said. Manchester United declined a Reuters request for comment. New York-listed shares of Manchester United were up at $23.07, paring almost half their premarket gains on Tuesday. The Glazer family is reportedly seeking 6 billion pounds ($7.5 billion), which would be a world record for any sports club or franchise, but neither bid is that high.

Persons: Sheikh Jassim bin Hamad, Thani, Qatar's, Sheikh Jassim, Jim Ratcliffe's INEOS, paring, Glazer, Sheikh Jassim's, Medha Singh, Aditya Soni, Shinjini Organizations: Manchester United's, English, Watan, Premier League soccer, CNBC, Reuters, Manchester United, Daily Mail, Thomson Locations: Qatar's Al, . New York, Bengaluru

☆ Shares of Manchester United briefly pop 16% after Qatar media hints at takeover bid ‘success'
▼ + stars: | 2023-06-13 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

A statue of George Best, Denis Law and Bobby Charlton standing outside Old Trafford, home of Manchester United in Manchester, England. Shares of Manchester United rose as much as 16% in premarket trading on Tuesday after Qatari media suggested Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid. Al-Watan is co-owned by Hamad bin Jassim bin Jaber al-Thani. Shares of Manchester United, which exclusively trade on the New York Stock Exchange, were around 4% higher at 3:15 a.m. "All the news received indicates the success of Sheikh Jassim bin Hamad bin Jassim's acquisition of Manchester United, and the announcement of the deal will be very soon," he said.

Persons: George Best, Denis Law, Bobby Charlton, Sheikh Jassim bin Hamad, Thani, Qatar's, Sheikh Jassim, Hamad bin Jassim bin Jaber, Jim Ratcliffe, Fahad, Glazer, Ratcliffe Organizations: Manchester United, Watan, Premier League soccer, New York Stock Exchange, Twitter, Al, Al Watan Locations: Old Trafford, Manchester, England, Qatar's Al, Thani

☆ Exclusive: Qatar prime minister, Taliban chief hold secret Afghan talks
▼ + stars: | 2023-05-31 | by ( Jonathan Landay | ) www.reuters.com time to read: +6 min

The Taliban say they respect women’s rights in line with their interpretation of Islamic law and Afghan customs. The Taliban in March 2022 barred girls from high schools and extended the ban to universities in December. ADDRESSING HUMANITARIAN CRISISSheikh Mohammed and Haibatullah also discussed efforts to remedy Afghanistan's humanitarian crisis, the source said. The U.S. and its allies say the Taliban harbor members of al Qaeda and the Pakistani Taliban. Sheikh Mohammed, who also serves as Qatar's foreign minister, met publicly in Kandahar with Mullah Hassan Akhund, the Taliban prime minister, on the same day he met the supreme leader.

Persons: Mohammed bin Abdulrahman, Akhunzada, Joe Biden's, Sheikh Mohammed, Haibatullah, al, Mullah Hassan Akhund, Jonathan Landay, Don Durfee, Deepa Babington Organizations: Qatari, Qatar, United, The State Department, Human Rights, United Nations, Islamic, Haibatullah, Thomson Locations: Afghan, Kandahar, Thani, Kabul, United States, Washington, Qatar, U.S, Geneva, Islamic State, Afghanistan, The U.S, al Qaeda, Doha

☆ Syria's Assad to attend Arab summit, bringing regional isolation to an end
▼ + stars: | 2023-05-19 | by ( Aziz El Yaakoubi | ) www.reuters.com time to read: +4 min

[1/2] Syria's President Bashar al-Assad arrives to attend the Arab League Summit in Jeddah, Saudi Arabia, May 18, 2023. Assad is expected to address the summit later on Friday, along with other Arab leaders. At an Arab summit hosted by Qatar a decade ago, the Syrian opposition sat in Syria's seat. A bipartisan group of U.S. lawmakers introduced a bill last week intended to bar U.S. recognition of Assad as Syria's president and enhance Washington's ability to impose sanctions. Government forces have used chemical weapons more than two dozen times during Syria's civil war, U.N. war crimes investigators said.

☆ Syria's Assad shakes hands, kisses cheeks with onetime foes at Arab League summit
▼ + stars: | 2023-05-19 | by ( Maya Gebeily | ) www.reuters.com time to read: +2 min

May 19 (Reuters) - Every handshake would count, and Syria's President Bashar al-Assad had plenty of them at Friday's Arab League Summit - along with hugs and kisses - from his onetime foes in the region. As Assad lined up for the League's family photograph, he shook hands with his Egyptian counterpart Abdel Fattah al-Sisi. One after the other, Arab leaders welcomed Syria's return to the Arab league and during his own address, Assad repeatedly said that Syria belonged to the Arab world. Syria's state news agency had reported that the Emir and Assad shook hands and spoke briefly on the sidelines before the summit began - but there was no statement on Qatari media. An Arab official told Reuters that the Emir did not hold any bilateral meetings and left the summit before Assad spoke.

☆ Factbox: Then and now: How Arab states changed course on Syria
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +6 min

May 19 (Reuters) - President Bashar al-Assad's attendance at an Arab Summit in Saudi Arabia on Friday is the result of big policy shifts by Arab states that once backed his opponents in Syria's civil war. The support was a point of rivalry with another Gulf Arab state, Qatar, which backed Islamist groups espousing ideologies viewed with suspicion by Riyadh. It also worked with the United States in a programme to support rebels deemed moderate by Washington. As some Arab states changed course on Assad, notably the United Arab Emirates, Saudi Arabia showed no sign of bringing him in from the cold. Like other Arab states, Saudi Arabia is also expecting Assad to curb the trade in narcotics smuggled out of Syria.

☆ Analysis: Qatar takes diplomatic back seat as Saudi flexes political muscle
▼ + stars: | 2023-05-18 | by ( Andrew Mills | ) www.reuters.com time to read: +6 min

Qatar has been steadily mending ties with Saudi Arabia, Egypt, the United Arab Emirates and Bahrain. Qatar cast the Syrian National Coalition as a government-in-exile, handing them Syria's Arab League seat and opening the Doha mission in a villa nearby other embassies. Several Gulf states including Qatar, Saudi Arabia and the United Arab Emirates began backing rebel groups fighting to oust Assad from power. As Syria's anti-Assad movement lost ground, "Saudi Arabia and the UAE shifted their policy most dramatically but Qatar has not," Kamrava said. Qatar initially opposed efforts this spring by Saudi Arabia to galvanise support to readmit Syria to the Arab League following its 2011 suspension.

Shareholders of Credit Suisse and UBS were not granted a vote on the deal that was sealed over one weekend in March. Officials for QIA, UBS, the Swiss finance ministry and Credit Suisse declined to comment. QIA's investment in Credit Suisse dates back to the global financial crisis of 2008. The sovereign wealth fund had increased its stake in Credit Suisse to just under 7%, only trailing largest shareholder Saudi National Bank's roughly 10% stake, according to a January filing. Among them, Middle Eastern backers which own more than 20% of Credit Suisse face the largest hit.

☆ 'As long as he's happy', Argentina boss unconcerned about Messi moves
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

May 10 (Reuters) - Argentina's World Cup-winning coach Lionel Scaloni said he does not care where Lionel Messi plays his club football as long as he feels comfortable and happy. French media on Tuesday reported that a move to a Saudi club was a "done deal", adding that the Argentina captain was in the process of finalising details before signing a contract. "Let him go to where he will feel comfortable with his team mates and the club's fans," Scaloni told Qatar's Al-Kass channel. "The matter does not affect us as a national team as long as he's happy when he joins us and we need him to be happy." Messi, who apologised to PSG and his team mates last week, returned to training on Monday.

☆ Urawa's Skorza cautious of Al Hilal threat in second leg of final
▼ + stars: | 2023-05-05 | by ( Michael Church | ) www.reuters.com time to read: +2 min

TOKYO, May 5 (Reuters) - Urawa Red Diamonds coach Maciej Skorza remains wary of the attacking threat posed by Asian Champions League holders Al Hilal as his side prepare for the second leg of the final at Saitama Stadium on Saturday. But after seeing Al Hilal score seven without reply in their semi-final versus Qatar's Al Duhail in February and strike three times in a 5-3 loss against Real Madrid in the Club World Cup final, Skorza remains cautious ahead of the decisive clash. "It wasn't our intention to play so defensively (in the first leg), it was because Al Hilal are such a good team and they didn't let us play offensively. Al Hilal are playing more in games like this, they are more experienced and can stay calm. Their last triumph came against Al Hilal when a late goal by Brazilian Rafael Silva secured a 2-1 aggregate victory.

☆ Jailed, deported and blacklisted: Qatar's outspoken World Cup guards
▼ + stars: | 2023-05-05 | by ( Andrew Mills | ) www.reuters.com time to read: +3 min

Qatar's international media office confirmed that approximately 200 employees of Stark Security, which hired Maganga, were involved in a protest in January. Labour rights charity Equidem has documented the deportation of 38 former Stark Security guards to Kenya, India, Pakistan and Nepal. Qatar's media office said Stark would be penalized for violating the labour law. Rights groups had warned that security workers were especially vulnerable during the World Cup. Qatar's media office said the state has established "new channels for reporting grievances," which labour activists criticise as favouring employers.

☆ More airlines are selling a cheaper business class where you'll get comfy lie-flat seat but won't get to pick which one. Meet basic business.
▼ + stars: | 2023-04-30 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +7 min

Air France and KLM are the latest airlines to join in on the "basic" business class trend: offering passengers a cheaper business class ticket, without some of the perks usually associated with the class. These are usually sold in comparison to the full business class experience, called "flex", "flex plus", "comfort", and "elite". Here are some of the airlines that have gone basic with their business offerings:Air France and KLMAir France business class seat. Thomas Pallini/InsiderQatar Airways introduced its own unbundled business class in 2020 — offering Classic, Comfort, and Elite business tickets — and it has since then added an additional tier, the Lite business class ticket. Lite business tickets could cost as much as $3000 less than elite business tickets, according to reviews.

☆ UAE, Qatar set to restore diplomatic ties and reopen embassies after bitter feud
▼ + stars: | 2023-04-18 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

DUBAI, United Arab Emirates — The United Arab Emirates and Qatar are moving toward restoring diplomatic ties and reopening embassies in each other's countries, just over two years after the lifting of a blockade on Qatar that encapsulated bitter political discord between the two and in the wider Gulf region. The deal to end the three-and-a-half-year political and economic blockade of Qatar by Saudi Arabia, Egypt, the UAE and Bahrain took place in January of 2021, with states vowing to restore relations for the benefit of the region. The UAE expressed similar aims in a statement from a government official. "The UAE's foreign policy is primarily focused on building bridges, economic cooperation and regional deescalation. "At present, the activation of diplomatic ties, which will include the reopening of embassies, is under process between both countries."

☆ Carlyle in talks to take stake in Manchester United - Sky News
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] A general view of the lobby outside the Carlyle Group offices in Washington, May 3, 2012. REUTERS/Jonathan Ernst/File PhotoApril 15 (Reuters) - U.S. buyout firm Carlyle Group Inc (CG.O) is in talks about a "major" investment in Manchester United soccer club as the auction of the Premier League team enters its final stages, Sky News reported on Saturday. Carlyle and Manchester United did not immediately respond to a Reuters request for comment. Sports industry news site Sportico reported earlier this month that Manchester United would accept a third round of bids from prospective buyers at the end of April. The Glazers bought Manchester United in 2005 for 790 million pounds in a highly leveraged deal that has been criticised for loading debt on to the club.

☆ Arab foreign ministers discuss Syria crisis at Saudi meeting
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: +2 min

[1/3] Saudi Arabia hosts a meeting of foreign ministers from Iraq, Jordan, Egypt and the Gulf Cooperation Council (GCC) countries to discuss Syria's return to the Arab League in Jeddah, Saudi Arabia, April 14, 2023. Saudi Press Agency/Handout via REUTERSCAIRO, April 15 (Reuters) - Gulf Arab foreign ministers and their counterparts from Egypt, Iraq and Jordan discussed Syria's possible return to the Arab fold at a meeting in Saudi Arabia, the Saudi Foreign Ministry said in a statement. The meeting, held in the city of Jeddah, was called by Saudi Arabia, amid a recent thaw in regional tensions, but ended without agreement, the statement said. However, Syria's broader normalisation with the Arab world remains a sensitive issue for several countries. Regional superpower Saudi Arabia, which has long resisted normalisation with Assad, said after a rapprochement with Iran, Syria's key regional ally, a new approach was needed with Damascus.

☆ Finnish businessman Zilliacus drops out of Manchester United bidding
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

April 13 (Reuters) - Finnish businessman Thomas Zilliacus has dropped out of the bidding for Manchester United, saying delays in the sale process will make it difficult for a new owner to build a winning team. United's American owners, the Glazer family, launched a formal sale process late last year, with several bids received in February and March. read more"I have declined participation in a third bidding round for United," Zilliacus said on social media. "The delays will make it very difficult for any new owner to build a winning team for next season." Sports industry news site Sportico reported this week that Manchester United would accept a third round of bids from prospective buyers at the end of the month.

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