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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

BP asks Kuwait sovereign fund to raise stake-report

Posted on 03 August 2010

From Reuters: BP Plc has asked Kuwait’s sovereign wealth fund to raise its share in the company to three percent, the al-Anba newspaper reported on Monday.
Quoting a Kuwait Investment Authority official it did not identify by name, the paper said BP’s outgoing chief executive, Tony Hayward, made the offer in a telephone call to the KIA which owns 1.75 percent of BP……………………………………….Full Article: Source


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