National Industries mulls stake sale
Kuwait: Wednesday, May 07 - 2008 at 07:40
Kuwait's National Industries Group Holding, the country's biggest industrial conglomerate, may sell a 10% stake to a foreign investment bank, reported Reuters. The company's chairman Sa'ad Al Sa'ad said on Tuesday that it has received offers, including one that would pay more than 35% of the market price. A 10% stake in the company would be worth about $775m.
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Jeff Florian, Senior ReporterWednesday, May 07 - 2008 at 07:40 UAE local time (GMT+4)
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