VOL. XXXVI
NO. 9
30-NOVEMBER-1992
Financial and Banking News
FOREIGN INVESTMENT
KIO to Sell Majority Shares in Chemical Companies to Freeport McMoRan
Grupo Torras, the principal Spanish investment arm of the Kuwait InvestmentOffice (KIO), is to sell a 55% share in two chemical subsidiaries to the UScompany Freeport McMoRan. The US company is expected to pay $62mn for its stakein Fesa Enfersa and $57mn for the stake in Rio Tinto. Both companies arepresently owned by Ercros, the company which has...
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