Financial and Banking News


Kuwait Makes Further Acquisitions in Spain and UK

The Barcelona-based paper manufacturer Torras Hostench, in which the Kuwait Investment Office (KIO) has a 24% stake as well as a substantial management presence including the Torras Chairman and one of three deputy chairmen has acquired a 15% stake in the leading Spanish chemical business, Union Explosivos Rio Tinto (ERT). in recent weeks Torras has invested between Pta. 25-30bn ($188-226mn)...