Saudi wealth fund PIF building stake in UK’s BT Group: The Telegraph – ZAWYA

Saudi wealth fund PIF building stake in UK’s BT Group: The Telegraph – ZAWYA

The investment comes with BT close to its lowest ebb in a decade, the national British daily reported. National British daily The Telegraph has reported that the kingdom's sovereign wealth fund is building a stake in BT by buying shares on the open market.. According to the report, three sources close to BT said that the PIF has been buying up shares on the open market in recent weeks.. The investment comes with the British multinational telecommunications company close to its lowest ebb in a decade..