VOL. XXXNO. 510-NOVEMBER-1986

Financial and Banking News

INVESTMENT ACTIVITIES

KIO Sells Barratt Stake

The London-based Kuwait Investment Office (KIO) last week sold its 11.8%stake in the British real estate company Barratt Developments. The KIO sold its20mn shares, which it had built up over the past three years, as the marketprice reached 152p, making the value of its sale about $31.8mn.