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28-DEC-92/4 JAN 93

Financial and Banking News


Spain Secures Kuwaiti Guarantee for Grupo Torras Firms; Law Suits Begin

Spain's Secretary of State for the Economy, Mr. Pedro Perez, announced on 21December that Spain has secured a guarantee from Kuwait that it would not allowthe companies controlled by Grupo Torras to collapse. Mr. Perez made theannouncement in Madrid shortly after his return from a 24- hour visit to Kuwait,where he met with the Kuwaiti Minister of Finance,...