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: August 24, 2016
UAE. 71% of respondents think Brexit will not impact Dubai's competitiveness as a global financial centre.
date:Posted: August 24, 2016
INTERNATIONAL. With disruptive technologies changing the way people move around, new EY report recommends governments look to citizen behaviour as the starting point for developing sustainable transport policy.
date:Posted: August 24, 2016
UAE. 92% of polled GCC SMEs already on social media; Facebook, Twitter and LinkedIn driving unprecedented customer engagement for Arab SMEs, according to new Orient Planet Research report.
INTERNATIONAL. With disruptive technologies changing the way people move around, new EY report recommends governments look to citizen behaviour as the starting point for developing sustainable transport policy.
dhgate
cheap wedding dresses on Ca-Dress.com