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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Zain stake might be sold to strategic investor: KIA (Kuwait)

Posted on 03 June 2010

From Wirelessfederation.com: 24.6% stake in telecoms firm Zain might be sold by Kuwait Investment Authority (KIA), the country’s sovereign wealth fund. Several investment firms have been asked by KIA to conduct technical studies on the telecoms group.
Selling the stake to a strategic investor or hold an international auction will then depend upon the fund. The current worth of KIA stake is about USD4.5 billion…………………………………………Full Article: Source


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