Financial and Banking News
INVESTMENT ACTIVITIES
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...
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