Financial and Banking News
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...