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KM Financial Solutions | Saudi Arabia’s PIF buys stakes worth $1 bln in European oil cos amid industry downturn
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Saudi Arabia’s PIF buys stakes worth $1 bln in European oil cos amid industry downturn

07 Apr Saudi Arabia’s PIF buys stakes worth $1 bln in European oil cos amid industry downturn

Posted at 23:27h in News by
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Saudi Arabia’s sovereign wealth fund,
the Public Investment Fund (PIF), has accumulated stakes worth
about $1 billion in four major European oil companies, the Wall
Street Journal reported on Wednesday, citing people familiar
with the matter.

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