31.03.2015 - Kuwait Investment Authority will provide 550 million to an affiliate of Natural Gas
Gas Natural Fenosa said Monday it has signed an agreement for the sovereign wealth fund Kuwait Investment Authority (KIA) make a capital of $ 550 million in Global Power Generation (GPG), a subsidiary of international generation Gas Natural Fenosa. The Spanish group said the capital increase will be fully subscribed by KIA and in return, the Kuwaiti fund will have a 25 percent stake in GPG. In its press release, Natural Gas said the operation allows for an investor partner for boosting growth plans GPG, formed last year with the aim of entering new markets and boost the generation business abroad. (Translated)..............................................Full Article: Source
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