VOL. XXXI
NO. 9
7-DECEMBER-1987
Financial and Banking News
INVESTMENT ACTIVITIES
KIO Consolidates Stake in Spanish Bank
The Kuwait Investment Office (KIO) has announced an amendment to itsownership of a substantial minority stake in Spain's largest commercial bank,Banco Central. The KIO owns 6% of Banco Central, a stake which it tried to sellto another Spanish bank, Banco de Vizcaya, in a deal which fell through lastmonth, according to press reports. Under the terms of the new arrangement, theKIO...
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