VOL. XXXI

NO. 38

27-JUNE-1988

Financial and Banking News

INVESTMENT ACTIVITIES

KIO To Sell Part of Spanish Property Interests

The Kuwait Investment Office (KIO) is to float approximately one-third ofits Spanish property holding company's equity on the Madrid stock exchange inJuly, according to British press reports. The KIO-controlled company, PrimoImobiliaria, has major real estate interests in Barcelona and Madrid which areestimated to be worth some $600mn although the cost of the various...