VOL. XXXI
NO. 45
15-AUGUST-1988
Financial and Banking News
INVESTMENT ACTIVITIES
Kuwait Pledges to Limit Involvement in HP
The State of Kuwait has entered into a Deed of Covenant by which it legallybinds itself to abide by various undertakings designed to limit itsinvolvement in British Petroleum (BP). The Kuwait Investment Office (KIO)currently holds a 21.68% interest in BP, the "public interest"implications of which are under investigation by Britain's Monopolies andMergers Commission (MMC). The...
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