VOL. XXXVI

NO. 4

26-OCTOBER-1992

Financial and Banking News

FINANCIAL ISSUES

KIO to Shed Majority Stakes in Its Spanish Investment Portfolio

Grupo Torras, the principal investment arm in Spain of the Kuwait InvestmentOffice (KIO), is trying to sell majority stakes in two companies which itcontrols. The German-owned company Dynamit Nobel is to take a majority stake inUnion Espanola de Explosivos, while Torras is offering to sell a controllingstake in the textile concern Industrias Bures to its...