Kuwait Investment Authority News
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Severn Trent Plc, the U.K.’s second- largest publicly traded water company, rejected a takeover approach from Kuwait’s sovereign wealth fund and a Canadian infrastructure investor.
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Kuwait’s sovereign wealth fund and a Canadian infrastructure investor are discussing a bid for Severn Trent Plc, the U.K.’s second-largest publicly traded water company that’s valued at almost 5 billion pounds ($7.6 billion).
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Severn Trent Plc, the U.K.’s second- largest publicly traded water company, received an approach from a group comprising Borealis Infrastructure Management Inc., the Kuwait Investment Office and Universities Superannuation Scheme.
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Kenana Sugar Co., Sudan’s biggest producer of the sweetener, said it plans to raise about $200 million in an initial public offering in Johannesburg next year.
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In the spring of 1945, Harald Quandt, a 23-year-old officer in the German Luftwaffe, was being held as a prisoner of war by Allied forces in the Libyan port city of Benghazi when he received a farewell letter from his mother, Magda Goebbels -- the wife of Nazi propaganda minister Joseph Goebbels.
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The governments of Norway, Kuwait, China and Singapore have lost 3.4 billion pounds ($5 billion) on BP Plc’s share slide since the Gulf of Mexico oil spill started in April, data compiled by Bloomberg show.
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Sovereign wealth funds will increase their assets by 60 percent over the next three years, bolstered by rising income from commodities and exports, according to UBS AG.
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Kuwait Investment Authority, the country’s sovereign wealth fund, did not receive any offer from BP Plc to increase its stake in the company.
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Kuwait Investment Authority, the country’s sovereign wealth fund, is assessing the value of Zain shares for a possible sale of its stake in the company, Al-Qabas reported, citing unidentified sources.
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Kuwait Investment Authority, the country’s sovereign wealth fund, will invest $800 million in the initial public offering of the Agricultural Bank of China Ltd., Kuwaiti Finance Minister Mustafa al-Shimali said.
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