NO. 19


Financial and Banking News

Investment Activities

KIO Succeeds in Torras Takeover Bid

According to a spokesman of the National Securities Commission (CNMV), theKuwait Investment Office (KIO) has acquired a 72.9% stake in in its principalSpanish holding company, Grupo Torras, as a result of a bid launched in Decemberto acquire overall control (MEES, 8 January). The KIO's shareholding at the timethe bid was launched was 39.7%, and its offer was a mix of cash and...