VOL. XLII
No 50
13-December-1999
LEBANON
Standard Chartered Agrees Terms Of Purchase For MetropolitanBank
Standard Chartered announced on 29 November that it hadagreed on the terms for the purchase of an 89% stake in the share capital ofMetropolitan Bank in Lebanon. According to an official statement from StandardChartered, Metropolitan, which was founded in 1979, has six branches and a netasset value of $11mn. The outstanding 11% of the share capital will remain withMetropolitan痴 founders, the...
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