Financial and Banking News
KIO Raises Stake in BP to 19.27%
The Kuwait Investment Office (KIO) has raised its holding in BritishPetroleum to 19.27% from the previous 18.91% by buying an additional 6mnpartly-paid shares. The KIO said that 3mn shares were acquired at 75pence/share, lmn shares at 76 pence/share, and the remaining 2mn shares at an undisclosed price. With the latest acquisition KIO's total stake in BP risesto over one billion...