VOL. XXXII

NO. 5

7-NOVEMBER-1988

Financial and Banking News

INVESTMENT ACTIVITIES

Kuwait Asks for Indefinite Time Limit on BP Divestment

The Kuwaiti government last week formally asked the UK government to changethe terms of its ruling requiring a cut in the Kuwait Investment Office stake inBritish Petroleum from 21.6% to 9.9% by relaxing the 12-month time limit on thedivestment order and replacing it with an indefinite time limit. The Kuwaitigovernment also asked that the UK government reply to...