Cabym's Weblog

the Reference blog for financial investment in Lebanon

BLC Bank SAL positions itself to acquire a solid majority stake in the 11th largest bank in Cyprus

BLC Bank SAL Lebanon announced today that it has acquired 9.9% of USB Bank PLC Cyprus and has signed an agreement to acquire an additional 62.94 % of the said Bank’s shares subject to regulatory authorities’ approvals and some other conditions precedent.

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