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...
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