VOL. XXXII
NO. 18
6-FEBRUARY-1989
Financial and Banking News
INVESTMENT ACTIVITIES
BP Buyback of KIO Stake Approved
Shareholders of British Petroleum (BP) on 31 January formally approved thebuyback of 790mn shares from the Kuwait Investment Office (KIO) - a scheme whichwas announced early in the new year (MEES 9 January). According to the BPChairman, Sir Peter Walters, the buy-back deal will initially raise BP's ratioof debt to capital from 37% to 50%, although this will be reduced to the"mid...
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