Qatar Increases Its Stake in Total to 3%, Undecided on Further Buys

Qatar Holding, a unit of the Gulf nation’s sovereign wealth fund, has increased its stake in French oil group Total (TOTF.PA) to 3 percent and is undecided on buying more shares, Qatar Holding’s chief executive said on Sunday.

“This is good for both sides – it is good to be in Total. They have a huge investment in Qatar,” Ahmad al-Sayed told reporters on the sidelines of a conference.

“It is very open. We haven’t decided yet,” he said when asked if Qatar would buy more in Total.