Kuwait’s KIA Invests $750 Million in Blackrock

January 31, 2010

KUWAIT (Reuters) – Kuwait Investment Authority (KIA) invested about $750 million in U.S. asset manager BlackRock (BLK.N) last year, and eyes investments in Asia and Latin America in 2010, KIA’s managing director told Al Arabiya TV. “Last May we invested in raising BlackRock’s capital, I think $750 million…and I think until now we made 40 percent of profit,” Bader al-Saad said in an interview aired on Sunday

Follow this link:
Kuwait’s KIA Invests $750 Million in Blackrock

Comments

• Revitalization Partners

  Revitalization Partners is an international specialty management services firm that provides hands-on interim executive management and advisory services to client companies.

  We specialize in under-performing, turnaround, bankruptcy and workout situations as well as repositioning companies faced with changing market and funding situations.

  Please review our
  Case Studies to see a sample of the many companies we have helped over the years.