VOL. XLV

No 25

24-June-2002

LEBANON

Lebanon痴 Banque Audi And Libano-Francaise To Merge

BanqueAudi and Banque Libano-Francaisehave reached a preliminary agreement to merge, following negotiations over thepast two months, according to a statement issued by the banks. Merrill Lynchand Banque Paribas have reportedly been hired by thetwo banks respectively to finalize details of the deal, before presenting it tothe Central Bank of Lebanon.If consummated, the merger will lead to the establishment of a...