Qatari Firms To Launch $1B Energy Infrastructure Fund

Law360, New York (May 20, 2013, 6:11 PM EDT) -- Three Qatari state-owned companies, including the Middle Eastern country's sovereign wealth fund and energy exploration company, will band together to form a $1 billion energy infrastructure fund for foreign investments, according to an exchange filing Monday.

The new fund will be majority owned by Qatar Electricity and Water Co., according to a filing by QEWC. The utility company will own 60 percent of the fund, while Qatar Holding LLC and Qatar Petroleum International will each hold a 20 percent stake. 

The new investment fund, to be...
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