Kuwait wealth fund may consider GM IPO
Kuwait, November 6, 2010
Kuwait Investment Authority, the Gulf Arab country's sovereign wealth fund, will consider taking part in General Motors' initial public offering if it is feasible, its managing director said on Saturday.
"Now, the price range has been set. Last week, they announced the price range, which is the valuation range," Bader al-Saad told reporters.
"We have to review if it is feasible for us. If it is feasible for us we will look into it," he said on the sidelines of a meeting of Gulf policymakers in Kuwait. "If it is something cheap, we are interested of course."-Reuters
Tags: Kuwait Investment Authority |