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QIA To Retain AgBank Stake

The Qatar Investment Authority will continue to hold its stake in Agricultural Bank of China.

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.

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