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Kuwait sovereign wealth eyes investment in Italy.

Kuwait, 30 Sept: Kuwait's sovereign wealth fund (Kuwait Investment Authority) is considering opportunities in renewable energy, Kuwait's state news agency KUNA said citing Kuwait Investment Authority managing director Bader al-Saad.

The Authority will not hesitate in investing in this new sector if the viability of these investments and long-term returns were proved, Bader al-Saad said.

Al-Saad is in Rome to meet Italian government officials and executives from companies including power producer Enel and Finmeccanica.

Enel has said it would sell a 30 to 49 percent stake in its green energy unit via a private placement or a stock market listing. Investors, including Libya's sovereign wealth fund, have already expressed an interest

Al Bawaba / Euclid Infotech Monitoring (Arabic to English)

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Publication:Al Bawaba/Euclid Infotech Monitoring (Arabic to English Service)
Date:Sep 30, 2009
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