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Sovereign Wealth Funds Briefing - Categorized | Investment

Keen on stake in IOC: Kuwait

Posted on 28 September 2010

From Indiatimes.com: Oil-rich Kuwait is keen on buying a stake in Indian Oil Corp (IOC) if the government decides to sell its shareholding through a strategic divestment, Oil Minister Sheikh Ahmad al-Abdullah al-Sabah said today.
“If government divests some stake through strategic sale, we are very interested in such proposal,” he said. “It has to be strategic sale,” he said when asked if Kuwait Petroleum Corp (KPC), of which he is the Chairman, or Kuwait Investment Authority would been keen on buying IOC shares in the public offering……………………………………….Full Article: Source


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