Middle East Economic Survey
VOL. LIII
No 51
20-Dec-2010
LIBYA
ABC Announces Acquisition Of 49% Stake In Libyas Mediterranean Bank
Bahrain-based Arab Banking Corporation (ABC) announced on 14 December that it had entered into an agreement to acquire a 49% ownership stake in Mediterranean Bank, headquartered in Benghazi in northeastern Libya. Although the acquisition is still subject to final regulatory approval from the Central Bank of Libya, ABC expects it to close prior to the end of 2Q11....
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