VOL. XLI
No. 06
9-February-1998
LEBANON
Saudi Company Acquires Controlling Stake In Lebanese Oil Product DistributionCompany
Saudi Arabia's Traco has acquired 70% of the shares of Lebanon's Wardieh Holdings,which imports and distributes petroleum products locally. Prior to the acquisition WardiehHoldings was owned 70% by Mr. Walid Junblatt, the Lebanese Minister for Displaced Persons,and by Mr. Abu Hamza and 15% each by Mobil Oil of the US and by an affiliate of BanqueAudi of Lebanon. The...
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