VOL. XXXI

NO. 15

18-JANUARY-1988

Financial and Banking News

INVESTMENT ACTIVITIES

UK Says Kuwait Does Not Seek Control of BP

According to a statement by the UK Treasury on 8 January, the KuwaitiGovernment has given assurances that it does not seek a controlling interest inBritish Petroleum (BP). Press reports in London indicate that the Kuwaiti assurances were given in mid-December, via diplomaticchannels, at a time whenthe Kuwait Investment Office (KIO) held only some 14% of BP. The Treasury's...