VOL. XXXV
NO. 30
27-APRIL-1992
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...
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