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).
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.
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.
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.
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.