VOL. XXXVII
NO. 16
17-JANUARY-1994
Financial and Banking News
Regional Financing
Solidere Flotation Oversubscribed By 42%
Solidere, the private sector company charged with rebuilding the centralbusiness district of Beirut, received applications for $926mn in shares by thetime its public flotation closed on 10 January. The company was offering $650mn,representing 35.5% of its total capital. The remainder has already beenallocated to holders of property rights in the area to be developed. Solidere...
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