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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kuwait Fund says did not receive offer from BP to raise stake

Posted on 03 August 2010

From Bloomberg: Kuwait Investment Authority, the country’s sovereign wealth fund, did not receive any offer from BP Plc to increase its stake in the company.
The wealth fund was commenting in an e-mailed statement on a report in Al-Anba newspaper that BP’s outgoing Chief Executive Officer Tony Hayward asked Kuwait Investment Authority to raise its stake to 3 percent to protect the company against any takeover attempts……………………………………….Full Article: Source


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