VOL. XXXI
NO. 50
19-SEPTEMBER-1988
Financial and Banking News
INVESTMENT ACTIVITIES
Arlabank Forms Brazilian Joint Venture
The Bahrain-based Arlabank International, which is a consortium of Arab andLatin American banks, last week announced the formation of a joint venture tocarry out investment banking activities in Brazil. Arlabank's partner in theventure is a Brazilian retailer, the Hermes Macedo Group, and the new bank iscalled Banco HM de Investimentos SL Capitalized at $13mn, it is based in...
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