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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Kuwait’s CMA reviewing the proposal

Posted on 17 July 2012

Qatar Telecom (Qtel), the majority state-held telecoms operator, has offered to buy the remaining 47.5 percent stake it does not already own in Kuwaiti unit Wataniya, a Kuwaiti bourse statement said on Tuesday.
Qtel bought the Wataniya stake in 2007 for about $3.7 billion. Kuwait Investment Authority, the Gulf state’s sovereign wealth fund, has a 23.5 percent stake in Wataniya and the remaining shares are publicly held……………………………………….Full Article: Source

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