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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kuwait may buy GM stocks: Investment chief

Posted on 08 November 2010

From AFP: Kuwait Investment Authority, the oil-rich Persian Gulf state’s sovereign wealth fund, will take part in the U.S. General Motors new stock offering if it is “feasible,” the KIA chief said on Saturday.
“They have announced the price range. We will look into it, we have to review it and if it is feasible we are interested,” managing director Bader al-Saad told reporters on the sidelines of a meeting. “We are interested if it is cheap,” he said, without elaborating on the number of shares the fund may buy……………………………………….Full Article: Source


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