Kuwait Petroleum Corporation (KPC) is set to launch an oil pipeline network stake sale as soon as February in a deal that could raise up to $7 billion, said a report. The shift comes as oil prices, down more than 25% in two years, sit below levels needed to fund the Gulf’s diversification plans.
Abu Dhabi-based Mubadala Investment Company has announced that it has sold its minority stake in Arcadia, a leading consumer health and wellness platform headquartered in US, in conjunction with the recently announced acquisition of Arcadia by funds managed by New York-based Bansk Group.
