VOL. XXXI
NO. 23
14-MARCH-1988
Financial and Banking News
INVESTMENT ACTIVITIES
KIO wins Control of ERT, Buys Spanish Insurer
The Kuwait Investment Office (KIO) has finally won control of Spain's largestchemical company, Union Explosivos Rio Tinto (ERT), concluding a battle whichbegan six months ago when it first acquired its stake in ERT. The KIO's otherinterest in the chemical industry in Spain, Cros SA, is being given two seats onERT's 20-member board (including the post of vice-chairman and...
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