VOL XXXI

NO. 20

22-FEBRUARY-1988

Financial and Banking News

INVESTMENT ACTIVITIES

BP Chief Says 20% KIO Stake Is 'Not Uncomfortable'

The chairman of British Petroleum PLC, Sir Peter Walters, last week said thatas regards the substantial minority stake held by the Kuwait Investment Office (KIO),which was increased to 19.53% on 19 February, "at 20% we are not uncomfortable in terms of practice... but there are tactical reservations aboutthe holding. We and they may collide in the market at the same...