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Kipco eyes acquisitions in banking

Pinak Maitra, chief financial officer of Kuwait Projects Co (Kipco) has said the investment firm is eyeing acquisition opportunities in the banking and insurance sectors, Reuters has reported. The firm is evaluating new deal opportunities, but has no imminent plans for a new investment. Kipco does not need to raise any new funds for the deals, but would do so based on specific investment needs or appealing pricing, he noted.