VOL. XXXIII
NO. 20
19-FEBRUARY-1990
Financial and Banking News
Investment Activities
KIO Cuts Stake in Royal Bank of Scotland
The Kuwait Investment Office (KIO) has reduced its stake in the Royal Bank ofScotland from 6.06% to 2.34% after selling a block of 28mn shares to ScottishEquitable Life Assurance Society. The KIO has held an important stake in RoyalBank since 1982, which reached a peak of 22% in May 1987.
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