Financial and Banking News
IIC Plans Further Acquisitions
The Beirut-based Intra Investment Company (IIC) is in the process of making two further banking acquisitions after its purchase of a small Lugano-based bank for some $10mn earlier this year (MEES, 27 August). The first of these involves the purchase for an undisclosed sum of the commercial banking interests of the small family-owned Banque Stern of France. According to a statement by Banque Stern last week,...