VOL. XXXII
NO. 28
17-APRIL-1989
Financial and Banking News
INVESTMENT ACTIVITIES
KIO Sells Spanish Banking Interests, Plans Reinvestment in Spain
The Kuwait Investment Office (KIO) announced on 7 April that it has reachedagreement with Construcciones y Contratas (Conycon) - its erstwhile partner inthe bank holding company Cartera Central founded in November 1987 - to sellits interests in Spanish banking. Conycon will buy the KIO's 48.2% stake inCartera Central, together with its 2.1% stake in Banco...
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