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|| Kuwait Investment Authority to keep Citigroup, Merrill Lynch stakes

kuwait investors citiKuwait Investment Authority (KIA), the Kuwait sovereign wealth fund, has no plans to sell its stakes in US banking giants Citigroup and Merrill Lynch, the finance minister said in comments published on Sunday - reported by AFP.

In late 2007, Kuwait Investment Authority acquired stakes worth $3 billion in Citigroup and $2 billion in Merrill Lynch.

Back in June, Abu Dhabi sold more than 11 percent of Barclays, making $2.5 billion from their investment in Barclays. But Kuwait investors seems to be keepers ...

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