| Kuwait's sovereign wealth fund will invest 500 million euros in Italian companies in coordination with Italy's own strategic investment fund, Prime Minister Enrico Letta said. The deal follows similar agreements with Qatar's investment fund last year to invest in Italian companies operating in the fashion, food and tourism sectors and a separate deal with the Russian Direct Investment Fund.
Kuwait and Italy will create a company with capital of 2.5 billion euros, of which 80 percent will come from Italy's strategic investment fund, the FSI, and the remainder from the Kuwait Investment Authority...............................................Full Article: Source
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