Wednesday 8 June 2011

Kuwait's KIPCO eyes acquisitions in banking, insurance | Reuters

Kuwait Projects Co. (KPRO.KW) (KIPCO), the largest investment company in the Gulf state, is eyeing acquisition opportunities in the banking and insurance sectors, its chief financial officer said on Wednesday.

The firm was evaluating new deal opportunities, Pinak Maitra told Reuters on the sidelines of a conference, but had no imminent plans for a new investment.

"The primary sectors where we will like to carry out an acquisition if the price and fit are right are in the commercial banking and insurance sectors," he said.

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