Kuwait sovereign wealth fund drops dough on McDonald's India franchisee

By Ankit Doshi

  • 07 Feb 2020
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Credit: Thinkstock

Kuwait Investment Authority, the world’s fifth-largest sovereign wealth fund, has added another consumer company to its portfolio with the purchase of a minority stake in McDonald’s franchisee for west and south India. The fund, whose consumer portfolio includes Lemon Tree Hotels and Chalet Hotels, has bought shares of listed Westlife Development ......

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