December 5, 2023

Saudi fund Pif-Public Investment Fund has entered into a definitive agreement to acquire a significant minority share of the Rocco Forte Hotels Group. Sir Rocco Forte will remain Executive President of the Group together with Olga Polizzi in the role of Vice President Rocco Forte Hotels (the group) is pleased to announce that the Public Investment Fund (PIF) has entered into a definitive agreement to acquire a significant minority stake in the group. The Forte family will retain majority ownership and control. The arrangement sees the Italian entity CDPE Investimenti (CDPEI) selling its entire stake. PIF’s investment will include an...