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