Lebanon Finance News

Dedicated to economic and business news on Lebanon, managed by the team of Lebanon Opportunities.


Mergers & acquisitions (M&A)

Alaa Al Khawaja chairs GroupMed. Mohammed Hariri is still Chairman of Bankmed. News from Lebanon


Egypt-based Jordanian businessman Alaa Al Khawaja, who last year acquired a 42.24 percent stake in GroupMed Holding, has become the group’s Chairman.

Khawaja has replaced Mohammed Hariri who is still in his position as Chairman and General Ma….
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Emirates NBD sells 40 percent of its BoB shares. Deal valued at $39 million. News from Lebanon


Bank of Beirut (BoB) acquired more than 40 percent of Emirates NBD’s stake in the bank, valued at $39 million. It represents 2.7 percent of the bank’s equity out of a total 6.5 percent shareholding. An EMIRATES NBD is a UAE-based bank.

A sour….
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SGBL to buy two banks in France and Monaco. $183 million in combined equity


Société Générale de Banque au Liban (SGBL) said it has signed a deal with Luxembourg-based KBL European Private Bankers (KBL epb) to acquire two of its subsidiaries.

The subsidiaries are KBL Richelieu Banque Priv&e….
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Saradar Bank buys half of Vitas microfinance company. Saradar aims to gain a foothold in the microfinance market


Saradar Bank said it has acquired a 49 percent stake in microfinance company Vitas SAL, a local subsidiary of the US-based Vitas Group. The transaction was valued at around $3.7 million according to a source linked to the transaction. Both Saradar a….
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EuroMena buys stake in Moroccan retailer. Two funds will be launched within six months


Beirut-based EuroMena Funds has acquired a seven percent stake in Retail Holding, a Morocco-based diversified retail group for a total of 220 million Moroccan dirhams ($22.5 million), according to the Casablanca Stock Exchange.

Retail Holding….
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GroupMed mulls selling shares in IPO. Khawaja completes acquisition of 42.2 percent stake


GroupMed Holding, the owner of Bankmed, is considering launching an Initial Public Offering (IPO) of its shares in the near future, said Alaa Al Khawaja, a new shareholder in the company.

Khawaja said that his acquisition of 42.24 percent sta….
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Shaker Holdings exits BLOM Bank for $69.8 million. Main stake bought by other shareholders


Shaker Holdings has sold the remainder of its stake in BLOM Bank consisting of 6.5 million common shares to Banorabe S.A. and BLOM Bank itself for a total of $69.8 million. Each share was sold for $10.7, BLOM Bank said in a statement.

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Emirati Mohamad Alabbar acquires large stake in MEVP. Non-controlling share is less than 50 percent


Emirati Mohamad Alabbar, founder of Emaar Properties, has acquired a stake in Middle East Venture Partners (MEVP). Alabbar’s acquisition is just under 50 percent.

“Alabbar had been looking for a VC partner who knows the technology ecosystem ….
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Le Vendome secures debt reschedule scheme. The value of loans is around $100 million


Bankmed and Bank Audi have agreed to refinance the debts of La Société des Grands Hotels du Liban (SGHL), owners of the Hotel Phoenicia and Le Vendome, after negotiations to restructure the debt. Bankmed is the main lender.

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