Financial and Banking News


KIO Stock Sales in London Raise $290mn

A series of sales by the Kuwait Investment Office (KIO) in London have raised the equivalent of $290mn, according to local press reports. In mid-June the KIO sold its 8.4X stake in the printing group Norton Opax for £19.2mn after a protracted takeover bid was successfully concluded. This was followed by the disposition of the 2% KIO stake in the conglomerate holding company Hanson Trust, after a...