The Qatar Investment Authority (QIA) will continue to hold its stake in Agricultural Bank of China (AgBank), Gulf News reports. The Qatar sovereign wealth fund’s lock-up period for AgBank shares is due to expire on July 18.
The fund is AgBank’s biggest non-state investor, holding 6.82 billion shares worth about $3.5 billion. AgBank’s other investors include the Kuwait Investment Authority and Standard Chartered.
Click here for the story from Gulf News.