Financial and Banking News
KIO Sells in UK, Buys in Singapore
The Kuwait Investment Office (KIO) has reduced its stake in the Britishinvestment trust, English & Scottish Investors, from 10.6% to 5.3% by thesale of 4.5mn shares to Caledonia Investments. At current market prices the salewould have realized some œ4.3mn.
In an unrelated development, the KIO has taken control of the Singaporeproperty company, First Capital Corporation, by...