14 JANUARY 1991
Financial and Banking News
KIO May Recapitalize Kuwaiti French Bank, and Plug Gap in BAII's Ownership
The Kuwait Investment Office (KIO) is believed to be preparing to take acontrolling stake in Kuwaiti-French Bank, the ailing Paris-based bank which is80% owned by Kuwaiti financial institutions. KIO is understood to have alreadyinjected FF600mn in deposits to keep the bank going while the question ofownership is resolved. The bank's shareholders...