Qatar Says Has 3 Percent of Total, Undecided On Further Buys
Qatar Holding, a unit of the Gulf nation's sovereign wealth fund, has increased its stake in French oil group Total to 3 percent and is undecided on buying more shares, Qatar Holding's chief executive said on Sunday.
April 22, 2012 10:55 by kippreport
Qatar Holding, a unit of the Gulf nation’s sovereign wealth fund, has increased its stake in French oil group Total to 3 percent and is undecided on buying more shares, Qatar Holding’s chief executive said on Sunday.
“This is good for both sides – it is good to be in Total. They have a huge investment in Qatar,” Ahmad al-Sayed told reporters on the sideslines of a conference.
“It is very open. We haven’t decided yet,” he said when asked if Qatar would buy more in Total.
(Reporting by Regan Doherty; Writing by Sitaraman Shankar)
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