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Sovereign Wealth Funds Briefing - Categorized | Investment

Kuwait KIA, BlackRock eye foreign bank stakes

Posted on 15 December 2009

From Reuters: U.S. asset manager BlackRock and Kuwait’s sovereign wealth fund are in talks to buy stakes in foreign banks, a Kuwaiti newspaper said in an unsourced report on Monday.
The talks aim at elevating banking connections between BlackRock, the world’s largest asset manager, and the Kuwait Investment Authority, and might include increasing KIA’s deposits at BlackRock, Kuwaiti daily al-Anbaa said……………………………….Full Article: Source


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