Financial and Banking News
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...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!