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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Mumtalakat says conditions tough to divest

Posted on 17 December 2009

From Maktoob.com: Bahrain Mumtalakat Holding Co., the investment arm of the Bahraini government, is still sticking to the idea of reducing its stakes in its subsidiaries but the current market circumstances aren’t favorable, Manama-based Al Waqt daily reports Wednesday.

It is not feasible to do anything now, the paper reports citing Talal Al Zein, the company’s chief executive who said at an earlier time that he didn’t see any reason why Mumtalakat should retain majority stakes in its units and that the government of Bahrain will accept in many cases minority stakes between 20% and 25%………………………………..Full Article: Source

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