Financial and Banking News
INVESTMENT ACTIVITIES
KIO Increases Stake in Spanish Papermaker
The Kuwait Investment Office (KIO) has increased its stake in the Barcelona-based paper manufacturer Torras Hostench from 24% to 37% by buying share options not taken up by other shareholders during a recent one-for-one rights issue, which raised a total of Pta.55bn in new capital funds for the company, half of which has been provided by the KIO. The KIO's injection into Torras totalled Pta.27bn...
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