VOL. XXXII

NO. 21

27-FEBRUARY-1989

Financial and Banking News

INVESTMENT ACTIVITIES

KIO To Withdraw from Spanish Banking

The Kuwait Investment Office (KIO), whose activities in Spain have beenbathed in a glare of publicity during recent months, has decided to pull out ofits involvement with the controversial merger between Banco Central and BancoEspanol de Credito (Banesto). The KIO's presence in this affair is the result ofits partnership with two prominent entrepreneurs in the holding company...