VOL. XLIII
No. 39
25-September-2000
BAHRAIN
KPC Sells Bahrain-Based GIIC To GIC-Brazil Joint Venture
The Kuwait Petroleum Company (KPC) has sold the Gulf Industrial Investment Company (GIIC), a Bahrain-based iron oxide pellet plant, to a joint venture between the Kuwait-based Gulf Investment Company (GIC) and Brazils Itaco, an offshore subsidiary of CVRD, Brazils largest mining company. GIC-Itaco purchased GIIC for $183mn. KPC purchased the iron pellet plant in April 1988 from the Bahrain-based...
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