Saudi Arabia's PIF is taking a 40 per cent stake in the owner of Brown Thomas and Arnotts. Photograph: Dara Mac Dónaill / The Irish Timesglobally in recent years, but it has done relatively little that has related to Ireland. That is changing though, as the fund is taking a minority stake in the company behind Brown Thomas and Arnotts.
, in a deal worth as much as £500 million . The Ballymena-based firm will provide the buses over the next three years, said the company. The deal, the largest in the firm’s history, safeguards 500 so-called green jobs at Wrightbus and will support an additional 1,500 across the supply chain, it added.should act as a “catalyst” to jolt others to find agreement on the contested changes, Minister for Public Expenditure Paschal Donohoe has said.
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