VOL. XL

No. 21

26-May-1997

KUWAIT

Kuwait Sells Block Of BP Shares Worth $2Bn

In what has been described as the world's biggest sale of a single block ofshares, the Kuwait Government, through its investment office in London - the Kuwait InvestmentOffice (KIO) - has disposed of 3% of the shares in the major international oil group BritishPetroleum (BP) comprising 170mn shares. According to Goldman, Sachs & Co., the US investment bankwhich handled the deal, the sale of the BP shares was...