VOL. XXXI

NO. 13

4-JANUARY-1988

Financial and Banking News

INVESTMENT ACTIVITY

KIO Raises Stake in BP To Over 17%

The Kuwait Investment Office (KIO) has continued buying partly-paid shares inBritish Petroleum (BP) and by 30 December its stake in the company had risen to17.4%, or more than 1bn shares, up from 17.07% on 22 December and from 15.02% on16 December (MEES, 21/28 December 1987). The RI0, which first disclosed a 10.06%stake in BP in November, has refused to set any public limit on the level...