Oman SWF Invests in Italian Auto Parts Maker Sigit
Posted on 04/19/2015
The Oman Investment Fund (OIF), a sovereign wealth fund, acquired a 40% stake in Italian automobile parts manufacturer Sigit SpA. The strategic investment could lead to increased manufacturing in Oman, where the country has a booming young demographic, which is opposite of Italy’s aging demographic. Founded in 1966, Sigit is a privately-owned firm whose customers […]
