Financial and Banking News
Kuwait To Take 2% Long-Term Stake In BNP
Kuwaiti state-owned institutions are to take a 2% stake in Banque Nationalede Paris (BNP), which is being prepared for privatization by the FrenchGovernment. The Kuwait Investment Authority and the Public Institution forSocial Security will each hold 1%. The two institutions will form part of a coregroup of long-term shareholders whose presence will prevent undue speculation in...