Trading of TII shares on Kuwait and Bahrain Stock
Trading of The International Investor (TII) shares has been suspended on the Kuwait and Bahrain Stock Exchanges as from 30 May 2001, pending resolution of negotiations for a proposed merger of TII with a major banking group.
A TII spokesman confirmed that it had requested the Kuwait Stock Exchange and the Bahrain Stock Exchange to suspend trading of TII shares on these markets, due to negotiations it was conducting concerning a proposed merger of TII with a major banking group.
A TII spokesman stated that no further details could be disclosed at this stage, except to confirm that negotiations 'for this major merger' were at an advanced stage.
An official statement will be released by TII, as soon as a conclusion to these negotiations is reached