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3 foreign investment funds to invest combined $6.6 billion
Saudi Press Agency Published in Saudi Press Agency on 15 - 01 - 2008

Merrill Lynch & Co. said Tuesday it reached agreements with three investment funds to raise $6.6 billion (¤4.4 billion).
The Korean Investment Corp., Kuwait Investment Authority
and Mizuho Corporate Bank will receive mandatory
convertible preferred stock for their combined $6.6 billion
investment. All will be passive investors and none will
have any rights of control, the Associated Press reported.

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