VOL. XXXI

NO. 31

9-MAY-1988

Financial and Banking News

INVESTMENT ACTIVITIES

KIO Stake in BP Referred to UK Monopolies Commission

The 22.068% stake in British Petroleum plc held by the Kuwait InvestmentOffice (RIO) has been referred to the UK government's Monopolies and MergersCommission (MMC), which is to examine whether such a holding is in the publicinterest. The KIO's stake was first referred to the Office of Fair Trading(OFT), which on 26 April submitted its report to the Secretary of State...