VOL. XLV

No 3

21-January-2002

LEBANON

IPG Acquires 50% Stake InLebanons Uniterminals

Kuwaits Independent Petroleum Group (IPG) announced at theend of December that it had acquired a 50% stake in Lebanons Uniterminals,with Unihold keeping its 50% share in the company. The general assembly ofUniterminals decided to raise the companys capital by $10mn, subscribedequally by IPG and Unihold. Uniterminals is one of the biggest companies forstoring and distributing oil and petrochemical products in...