Kuwait's SWF eyes US, European financials

Newswire

KUWAIT, Feb 19 (Reuters) - Sovereign wealth fund Kuwait Investment Authority said it may be interested in investing in U.S. and European financial services and real estate firms now the subprime mortgage crisis has cut asset prices. "We're interested in financial and real estate," KIA Managing Director Bader al-Saad told Reuters on the sidelines of a seminar in Kuwait on Tuesday. "In Europe, there are a lot of opportunities with the prices falling down," Saad said. "In the U.S., prices ...

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