Kuwait Investment Authority Backs Merrill Lynch
Posted on 01/15/2008
Merrill Lynch has been able to gather institutional investors to bolster its capital position. The firm has reached agreements to issue US$ 6.6 billion in mandatory convertible preferred stock to investors from the Kuwait Investment Authority (KIA), Korea Investment Corporation (KIC) and Mizuho Corporate Bank. In a press release, John A. Thain, chairman and CEO […]
- Deals
- John Thain
- Korea Investment Corporation
- Kuwait
- Kuwait Investment Authority
- Merrill Lynch
- Mizuho
- Olayan Group
- Private Equity
- Saudi Arabia
