Middle East Economic Survey
VOL. XLVII
No 32
09-August-2004
REGIONAL BANKING
CBL Approves Sale Of Credit Agricole Stake In Banque Libano-Francaise
The Central Bank of Lebanon (CBL) has approved the sale by Frances Credit Agricole Indosuez of 42% of the share capital from its 51% stake in Banque Libano-Francaise to a group of Lebanese and Arab investors, according to the President of Banque Libano-Francaise, Farid Raphael. The new owners are Rafiq al-Said (10%), Gilbert Shaguri (10%) and Mr Raphael...
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