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26-DEC-94/2 JAN 95

Financial and Banking News

Capital Markets

KIO Declines Offer By Barings To Purchase London Properties

The Kuwait Investment Organization (KIO), the international investment arm ofthe Kuwaiti Government, has so far declined an offer made by Barings, the Londonmerchant bank, to purchase St. Martins Property for œ1.5bn ($2.3bn). Dr. Yusufal-'Awadi, General Manager of KIO, was quoted by the Financial Times on 21December as saying: "As far as we are concerned,...