UPDATE 1-Saudi sovereign fund buys minority stakes in Citi, Boeing, Facebook
Saudi Arabia’s sovereign wealth
fund has bought minority stakes in major American companies
including Boeing, Facebook and Citigroup,
according to a U.S. regulatory filing.
The $300 billion Public Investment Fund (PIF) has been buying
minority stakes in companies across the world, taking advantage
of market weakness in the wake of the coronavirus outbreak.
fund has bought minority stakes in major American companies
including Boeing, Facebook and Citigroup,
according to a U.S. regulatory filing.
The $300 billion Public Investment Fund (PIF) has been buying
minority stakes in companies across the world, taking advantage
of market weakness in the wake of the coronavirus outbreak.
Posted by Reuters
