VOL. XXXI

NO. 34

30-MAY-1988

Financial and Banking News

INVESTMENT ACTIVITIES

KIO Will "Stop Investing" in Spain for 6-12 Months

The Kuwait Investment Office (KIO) intends to "stop investing" inthe Spanish market for the next six to 12 months, and will instead channel$800mn worth of investments into buying foreign subsidiaries for its principalSpanish holdings, according to Mr. Javier de la Rosa, a prominent Spanishentrepreneur closely associated with the KIO's investment strategy in Spain,and its...