The Kuwait Investment Office, the London-based investment...
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The Kuwait Investment Office, the London-based investment arm of the Kuwait government, said it boosted its stake in British Petroleum Co. to 19.24% from 18.91%. The statement had little effect on the price of BP shares, which rose 3.5 cents to $4.50 in morning stock market trading. The Kuwaiti agency began accumulating its BP stake soon after the British government sold $4 billion worth of shares in the oil giant in October.
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