VOL. XXXIX
No. 12
18-December-1995
KUWAIT
Kuwait's IPG Goes Public And Raises $18Mn
MEES learns that the private Kuwaiti oil company the Independent Petroleum Group (IPG) has raised KD5.625mn ($18.75mn) by means of an issue of 25mn of new ordinary shares. The placement means that IPG has increased its share capital by to KD7.5mn, and the price of KD0.225mn a share gives IPG a putative value of KD16.875mn ($56.25mn). The subscription, which took place on 15 November, was underwritten by...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!