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LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Qatar First Investment Bank invests $150 million in Kuwait Energy
DOHA (Reuters) - Qatar First Investment Bank (QFIB) will invest $150 million in Kuwait Energy Co. to support the firm's expansion, the Qatari firm said on Sunday.
The deal is structured in the form of a convertible murabaha which will be used to boost Kuwait Energy's growth plans in the oil and gas exploration and production sector.
Unlisted QFIB acquired a $16 million stake in Kuwait Energy in June 2011, the statement said.
The Qatari investment company plans to list on the Doha stock exchange by November, its chief executive said earlier this year. Credit Suisse (CSGN.VX) is advising the company on the plan, sources told Reuters in April.
QFIB made a net profit of $25.8 million in 2011, up 20 per cent from 2010, according to the company's website.
(Reporting By Regan Doherty)
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