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Qatar fund boosts stake in Total

Doha, April 22, 2012

Qatar Holding, a unit of the Gulf nation's sovereign wealth fund, has increased its stake in French oil group Total to 3 per cent and is undecided on buying more shares, Qatar Holding's chief executive said on Sunday.

'This is good for both sides - it is good to be in Total. They have a huge investment in Qatar,' Ahmad al-Sayed told reporters on the sideslines of a conference.

'It is very open. We haven't decided yet,' he said when asked if Qatar would buy more in Total.

In mid-March, business newspaper Les Echos reported that Qatar had bought 2 per cent of the company, becoming one of its leading shareholders.-Reuters




Tags: Total | Stake | fund | Qatar Holding | French energy |

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