VOL. XXXI
NO. 30
2-MAY-1988
Financial and Banking News
INVESTMENT ACTIVITIES
KIA Buys $10.6mn Worth of Brazil Fund
The Kuwait Investment Agency (KIA) has purchased a 7.4% holding in a NewYork-based closed-end investment fund which is limited to investments in Brazil.The Brazil Fund has been on the market since the beginning of April and the KIAhas purchased 893,000 of the 12 million outstanding shares at an average priceof $11.84 per share, valuing its total stake at $10.57mn. The Brazil Fund was...
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