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Kuwait to invest $800m in AgBank IPO

Hong Kong, June 21, 2010

The Kuwait Investment Authority has agreed to invest $800 million in the Agricultural Bank of China's IPO, sources with direct knowledge of the matter said on Monday.

The sources also confirmed a report from late on Sunday that the Qatar Investment Authority had agreed to invest $2.8 billion into AgBank, the Chinese lender that is seeking to raise a record $23 billion through its Shanghai-Hong Kong IPO. - Reuters




Tags: IPO | Kuwait | AgBank |

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