Financial and Banking News
Kuwaiti Pension Fund Buys Stake in Agnelli Holding Company
Kuwait's Public Institution for Social Security (PISS), the government'spension fund, is to buy a stake of between six and ten per cent in Ifil, theAgnelli family's holding company in Italy. The cost to PISS will be between$90mn and $120mn and it will become the second largest shareholder in thecompany. The Agnelli family's interest in Ifil will drop from...