VOL. XXXI
NO. 25
28-MARCH-1988
Financial and Banking News
INVESTMENT ACTIVITIES
Ebro Fights KIO Bid
The board of directors of the Spanish sugar manufacturers Ebro Compania deAzucares y Alcoholes, for which the Kuwait Investment Office (KIO) subsidiaryTorras Hostench is making a takeover bid (MEES, 21 March), has decided to contest the bid. In a statement to shareholders last week, Ebro's chairman, Mr.Francisco Javier Lozano, urged them not to accept the Torras offer of Pta.30,000 per share, on the...
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