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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Kuwait wealth fund to sell Wataniya stake to Qatar Telecom

Posted on 08 October 2012

Qatar Telecom (Qtel) is set to control more than 90 percent of Kuwait’s Wataniya after the Gulf state’s sovereign wealth fund tendered its entire stake in the unit, two sources familiar with the situation said on Saturday.
Qtel, which operates in 16 countries across the Middle East, Africa and Asia, offered $2.2 billion in August for the 47.5 percent of Wataniya it does not already own. The tender offer expired on October 4………………………………………..Full Article: Source


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