VOL. XXXII
NO. 1
10-OCTOBER-1988
Financial and Banking News
INVESTMENT ACTIVITIES
KIO Discloses 5% Stake in Britain's Midland Bank
The Kuwait Investment Office (KIO) last week disclosed for the first time itsholding of 28.04mn shares, equivalent to a 5.1% stake worth 116mn ($196mn) atcurrent prices, in Britain's third largest commercial bank, Midland Bank plc.MEES understands that KIO's Midland stake was acquired relatively recently,although the KIO announcement indicated that the 5% level at which...
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