Financial and Banking News
INVESTMENT ACTIVITIES
LAFB Buys Out Tamoil
The Libyan Arab Foreign Bank (LAFB) has purchased a 70% controlling stake in the troubled Tamoil Italia SPA, which has some 900 petrol stations, mainly in Northern Italy, and a 100,000 b/d refinery in Cremona. The remaining 30% has been purchased by a group of Italian investors led by Mr. Florio Florini, an ex-finance director of the state-owned oil and gas agency Ente Nazionale Idrocarburi (ENI). The terms of...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!