KUWAIT - Investment bank JP Morgan Chase & Co is interested in buying a stake in Islamic lender Kuwait Finance House, daily al-Anba said on Sunday in an unsourced report.
The paper said the U.S. bank had applied to the central bank of Kuwait to approve a stake buy, adding it was unclear how large a stake it wanted to acquire.
The paper gave no more details.
KFH could not be immediately reached for comment.
Sunday, April 20, 2008
JP Morgan eyes stake in Kuwait Finance House: report
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