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Sovereign Wealth Funds Briefing - Categorized | Market

Italy’s FSI and Kuwait’s KIA create investment firm with $2.98 bln in assets

Posted on 02 July 2014

Italian state-backed private equity fund Fondo Strategico Italiano (FSI) and Kuwait Investment Authority (KIA) have created an investment company with assets and commitments worth 2.185 billion euros ($2.98 billion), FSI said on Tuesday.
The new company, FSI Investimenti, will be 77 percent owned by FSI and 23 percent owned by KIA, it added. “The agreement is consistent with FSI strategy of increasing its capital to 7 billion euros, also by attracting foreign investments in Italy,” FSI said in the statement………………………………………..Full Article: Source


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