VOL. XXXII
NO. 1
10-OCTOBER-1988
Financial and Banking News
BRITISH GOVERNMENT ORDERS KIO TO REDUCE BP STAKE TO 9.9%
The British Government last week performed a notable feat of legal chicaneryby invoking its belief in free market principles to justify a controversialdecision forcing the Kuwait Investment Office (KIO) to divest the bulk of itsstake - acquired on the open market - in British Petroleum (BP). Acting on therecommendation of the British Monopolies and Mergers Commission (MMC), Lord...
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