By NNN-KUNA
Kuwait : The Global Investment Corporation has announced that its stake in the Bank of Bahrain and Kuwait (BBK) has increased to 13.15 per cent, Global said in an administrative statement.
It said in the statement Sunday that it bought more than 33.5 million shares of the bank representing 4.34 per cent of the bank’s stock. The shares were acquired through the Bahrain Stock Exchange.
The statement indicated that Global is determined to increase its stake in the BBK to at least 40 per cent.
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