NO. 30


Financial and Banking News

Regional Investments

KIO Sells Midland Bank Shares, Denies Plans to Sell Foreign Investments

According to reports on 17 April, the London-based Kuwait Investment Office (KIO)has sold 60mn of its shares in Midland Bank Plc, some at 43p less than theirvalue. Brokers for KIO placed the 60mn shares, accounting for 7.3% of Midlandstock, while the KIO retained 18mn shares. The discounted share sale has beenviewed as a sign that Kuwait is pressed...