No. 24



Kuwait To Sell 30Mn Shares In Santa Fe

Santa Fe International Corporation on 2 June filed for an offering of 30mn ordinary shares held by SFIC Holdings Inc, its principal shareholder and a subsidiary of Kuwait Petroleum Corporation (KPC). After the sale, SFIC will own 38.6% of the remaining ordinary shares. KPC has told Santa Fe that it will sell these at a later date. Approximately 115.1mn shares will be outstanding after the offering. Last April, Kuwaits...