Kuwait's Agility ends talks on Kharafi National investment - newspaper

On June 23, Agility said it was in preliminary talks about potentially investing in Kharafi National

  
DUBAI, Nov 14 (Reuters) - Agility , the Gulf's largest logistics firm, has ended talks about an investment in Kuwaiti construction giant Kharafi National, Chief Executive Tarek Sultan was quoted as saying by The National newspaper on Monday.

No reason for the move was mentioned in the story.

On June 23, Agility said it was in preliminary talks about potentially investing in Kharafi National, adding it was reviewing all possible investment opportunities.

Owned by the wealthy al-Kharafi family, Kharafi National is one of the largest construction companies in Kuwait. It is involved in infrastructure project development in water, waste water treatment and district cooling among other services, according to its website.

($1 = 3.6730 UAE dirham)

(Reporting by David French; Editing by Sherry Jacob-Phillips) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))





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