Financial and Banking News


BAII Arranges Arab Stake in French Retailer

 The Paris-based Banque Arabe et International d'Investissements (BAII) has arranged the purchase of a 57% stake worth FF100mn ($10.5mn) in a retailing group which sells under the Felix Potin retailing franchise in France. The investors are an unnamed group of Arab investors led by a Moroccan entrepreneur, Mr. Daniel Amar, and their intention is to bid for the remaining 43% of the...