9th Dec 2005 07:12
Kuwait Investment Office09 December 2005 KUWAIT INVESTMENT OFFICE Wren House 15 Carter Lane London EC4V 5EY 020 7606 8080 Date: 8 December 2005 PRESS RELEASE FROM KUWAIT INVESTMENT OFFICE (KIO) IN LONDON The KIO sells 185 million shares of BP to rebalance its international investment portfolio The Kuwait Investment Office (KIO) in London of the Kuwait Investment Authorityin Kuwait, an agency of the Government of the State of Kuwait, announces that ithas entered into an agreement with a consortium of banks to dispose of 185million shares of BP p.l.c., amounting to 0.89% of BP's issued share capital. The KIO will continue to hold approximately 2.56% of BP's issued share capital.The sale is part of a portfolio rebalancing exercise. KIO's remainingshareholding in BP is subject to a Lock-up Period of 90 days from today. In connection with the sale, the KIO has been advised by Credit Suisse FirstBoston (Europe) Limited. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BP