Middle East Economic Survey

VOL. XLIX

No 7

13-February-2006

KUWAIT

KPI Sells German Subsidiary

Kuwait Petroleum International (KPI) announced on 7 February that it had sold its German subsidiary, Kuwait Petroleum Deutschland, which operates 37 retail outlets under the name Markant, to Westfalen. KPI did not reveal the value of the sale. It said the decision to sell KP Deutschland was part of its strategy of focusing on markets in which the company has a strong marketing base for expansion. KPI said...