Financial and Banking News
KIO Buys in Canada and Spain, Sells in UK
The growing power and global reach of the Kuwait Investment Office (KIO) wasillustrated last week when its investment activities were the subject ofextensive press coverage in Canada, Spain and the UK.
In Canada, the KIO has made a C$199.5mn ($162mn) tender offer for a 10.3%stake in one of the country's largest pulp and paper makers, Consolidated-BathurstInc. The offer is...