Kuwait's KIPCO says to partner with Japan's Orix

KUWAIT Thu Oct 18, 2012 7:49am EDT

Related Topics

KUWAIT Oct 18 (Reuters) - Kuwait Projects Co (KIPCO) said on Thursday it planned to enter into a "strategic partnership" with Japan's Orix Corp and that the companies were mulling a joint project in Algeria.

KIPCO, Kuwait's largest investment company, said it would sign a memorandum of understanding with Orix, a leasing and financial services group.

The two companies will study the possibility of a joint venture to set up a leasing company in Algeria, a statement on Kuwait's bourse said.

No financial details were provided in the statement. (Reporting by Sylvia Westall; Editing by Dinesh Nair)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.