VOL. XXXI

NO. 24

21-MARCH-1988

Financial and Banking News

INVESTMENT ACTIVITIES

KIO Bids for Big Spanish Sugar Group Shares in Ebro

SA, one of Spain's leading sugar manufacturers, were suspended on Spanishstock exchanges on 16 March as the Kuwait Investment Office's Barcelona subsidiary Torras Hostench made a full bid for the company. Torras already owned a20% stake in the company, acquired in two stages in October and December lastyear (MEES, 2 November 1987). It has now launched a tender bid at...