Kuwait Sovereign Wealth and Fondo Strategico Italiano Create FSI Investimenti
The government of Italy is building strategic economic ties with the Gulf countries – thus marking a previous set of transactions with Qatar’s sovereign wealth fund. Fondo Strategico Italiano (FSI) and the Kuwait Investment Authority (KIA) have developed an investment entity with commitments and assets worth €2.185 billion. The entity called FSI Investimenti is 77% owned by the FSI and the remaining owned by the Kuwait sovereign wealth fund. Other co-investors can invest into the new entity. Both the KIA and FSI will commit to insert €500 million into the company.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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