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Sovereign Wealth Funds Briefing - Categorized | Market

Arab investors not eyeing hostile take-over bids, says minister

Posted on 30 October 2008

From Adnkronos.com: A Qatari minister said that Arab sovereign wealth funds have only a commercial aim and are not interested in hostile takeover bids of European companies at knock-down prices.

“The sovereign wealth funds of the Gulf countries do not intend to take advantage of the financial crisis in order to run after European companies and buy them at low prices,” Qatar’s Minister of Commerce Fahad bin Jasim al-Thani told Adnkronos International (AKI). “The sovereign wealth funds have only a commercial aim. Their objective is to diversify investments in order to have various sources of income, aside from oil. …… Full Article: Source


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