VOL. XXXV
NO. 26
30-MARCH-1992
Financial and Banking News
Regional Investment
Lafico Buys Share of Lonrho Hotel Chain
Libyan Arab Foreign Investment Company (Lafico) has paid 177.5mn in cashfor a one-third stake in Metropole Hotels, which is owned by Lonrho PLC. Thesale will allow Lonrho to cut its debt burden, which has increased dramaticallyduring the last two years. Lonrho says that it has retained the right to appointsix of of eight Metropole directors, although Lafico will have some rights...
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