Middle East Economic Survey
VOL. XLVII
No 27
05-July-2004
ENERGY FINANCE
NBK Wins Advisory For IPO Of PIC Projects
National Bank of Kuwait (NBK) recently won the advisory mandate from Petrochemicals Industries Corp (PIC) to set up a $340mn company which will own directly 6% of Equate, 6% of PIC's olefins project, and 20% of its aromatics project. The company will also own, indirectly through its ownership of the aromatics venture, 11.5% of PICs styrene project. The IPO will be open to Kuwaiti...
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