05.05.2014 - Oman fund and Mitsui in race to buy Asian Development Bank’s Petronet stake

Cash-rich sovereign wealth funds of Oman, Qatar, Abu Dhabi and Japan's Mitsui are keen to buy Asian Development Bank's 5.2 per cent stake in Petronet LNG, India's largest natural gas importer. ADB had in 2011 decided to sell its 5.2 per cent stake in Petronet but could not go ahead as promoter public sector units like gas utility Gas Authority of India Ltd (GAIL) refused to waive off their first right of refusal...............................................Full Article: Source

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