LONDON (Reuters) – Influential emerging markets fund manager Mark Mobius said on Friday that he was in talks for private equity investments in Iraq.
"We are looking at private equity in Iraq and are meeting with representatives in Iraq. There are smaller companies in manufacturing, the services and food industries that are keen for investment," Mobius told Reuters over the telephone from Hong Kong.
Mobius, who oversees about $40 billion (20 billion pounds) in emerging markets assets at the Templeton Asset Management arm of Franklin Resources Inc. said the liquidity in the country’s stock market remained too poor for listed equity investments.
