Financial and Banking News
KIO Acquires Stake in Trafalgar House
The Kuwait Investment Office (KIO) has bought a 7.2% stake in the leading UK holding company Trafalgar House with the acquisition of 20,087,554 shares, worth some $82mn at present market valuation. This is the first time that the KIO has disclosed its stake in the hotel, engineering and property group. Disclosure is mandatory for holdings of over 5% of the equity of UK companies.