VOL. XXXIII
NO. 6
13-NOVEMBER-1989
Financial and Banking News
Investment Activities
KIO Spanish Subsidiaries Report Huge Profit Growth
Spanish subsidiaries of the Kuwait Investment Office (KIO) have reporteddramatic increases in pre-tax profits during the first nine months of 1989.Grupo Torras, in which the KIO holds 40% and which has been the principalchannel for its industrial holdings in the paper, food processing and chemicalsectors, has reported nine-month pre-tax profits of Pta 11.1bn ($91mn)...
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