NO. 17


Financial and Banking News

Investment Activities

KIO Discusses Partial Sale of Spanish Oil Interests

Ercros, which is a subsidiary of the Kuwait Investment Office (via itsSpanish holding company, Grupo Torras), is negotiating a sale of 25% of itsstake in Ertoil, a wholly-owned subsidiary comprising the oil interests formerly owned by Explosivos Rio Tinto which includes a refinery in Huelvasupplying 7% of the Spanish market. MEES understands that negotiations are...