You are hereHome CategoriesNews
Qatar and Kuwait funds pursuing Poland's privatisations
Source: BI-ME , Author: BI-ME staff
Posted: Wed December 10, 2008 12:00 am
INTERNATIONAL. The government-backed investment arms of Kuwait and Qatar are interested in the privatisation of Poland’s leading fertiliser makers Pulawy and Police, the head of Polish investment agency PAIiIZ said yesterday.

“There are a couple of sovereign wealth funds interested in a passive form of investing,” Pawel Wojciechowski told reporters.

He mentioned Kuwait Investment Authority and Qatar’s sovereign wealth fund as being interested in investments ranging from the purchase of a stake in the Warsaw Stock Exchange and Polish shipyards to real estate and the chemicals sector.

Poland has earmarked the equivalent of US$3.9 billion from the sale of the state-controlled companies in the next year’s budget, but the global financial crisis could makes these plans difficult to achieve.

Earlier this year the government unveiled plans to consolidate the state-controlled chemicals companies into two larger groups and sell them to investors by the end of 2010.

But cash-rich sovereign wealth funds from Asia and the Middle East may be turning cautious after getting burnt by investments in Western firms hit by the current financial turmoil, analysts said.
 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 1, 2016
UAE. Digital technology, changing workforce demographics and speed of innovation are causing companies to redesign organizational structure, evolve leadership models, and drive an employee-centric culture and experience.
date:Posted: July 1, 2016
SAUDI ARABIA. Ministry of Commerce and Investment signs agreement with PwC in New York to set up PwC's Academy in the Kingdom to provide training and development to Saudi Nationals.
date:Posted: June 30, 2016
UAE. The Middle East has not been an area of mainstream activity in dispute resolution funding; It is only recently that funding has started to gain more tangible traction with potential litigants.
dhgate