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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Kuwaiti funds to sell National Hotels stake

Posted on 09 October 2009

From Maktoob.com: Kuwait Investment Authority, the country’s sovereign wealth fund, and Kuwait Investment Co. plan to sell their 54% stake in Bahrain’s National Hotels Co., Kuwait’s Al-Watan newspaper reports Thursday, citing an unidentified source.

The two parties are asking for a price of one Bahraini dinar a share ($2.65), up from their previous demand of 0.65 Bahraini dinar, the paper reports………………..Full Article: Source

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