PIF may invest in German tech, finance companies, not before 2018
Public Investment Fund (PIF) is looking at taking minority stakes in German technology and financial companies, although any deal is unlikely before 2018, the Kingdom's Ambassador to Germany, Awwad Al-Awwad, said. Any stakes would be no greater than 10% and PIF was looking at five to six opportunities, he said. "We have been looking at some of the technology and financial institutions ... but we are still in early stages," Al-Awwad said. "We are not interested in majority stakes."
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