NO. 38


Financial and Banking News

Loans & Issues

KIO Bids for Total Takeover of Torras

The Kuwait Investment Office (KIO) has asked the National SecuritiesCommission in Madrid for clearance to make a takeover bid for the remaining2.27% of publicly-held shares in the Spanish industrial holding company, GrupoTorras. If the bid succeeds the KIO will have total control of the company andits shares will lose their public listing on Madrid's stock exchange. KIO,together with...