Reuters exclusively reported that Lebanon’s Bank Audi is considering selling its Egyptian subsidiary after receiving interest from lenders, its chief financial officer told Reuters, indicating a possible strategy rethink as Lebanon grapples with a financial crisis. Bank Audi is also proceeding with an equity increase which the central bank has instructed all Lebanese banks to implement to help weather the crisis, the country’s worst in decades.
Reuters exclusively reports Lebanon’s Bank Audi open to sale of Egyptian unit with right offer
14 January 2020, 12:00 am 1 minute
Type: Reuters Best
Regions: Europe / Middle East / Africa
Win Types: Exclusivity
Story Types: Exclusive / Scoop