Financial and Banking News


KIO Acquires More UK Shares 

With its recent purchase of a large number of the ordinary shares of Hanson Trust - an industrial holding company with interests in the US and the UK - under the latter's £519mn rights issue, the London-based Kuwait Investment Office (KI0) has now emerged as the largest shareholder in Hanson with 111.2mn shares, or 7.93% of the equity capital. Before the offering of the new shares, KI0 was...