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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

KIA rules out GM share purchase

Posted on 23 November 2010

From Tradearabia.com: Kuwait Investment Authority (KIA) will not take part in General Motors’ initial public offering (IPO), a source said. The auto giant had raised $20.1 billion from the issue last week.
Earlier this month, KIA’s managing director Bader Al Saad said the fund was considering taking in GM’s IPO if it is feasible, but a person familiar with the matter at KIA said they had decided not to invest due to the increase in the share price……………………………………….Full Article: Source

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