The Lebanese-Cuban Businessmen's Council is preparing to launch a $250 million investment fund, immediately after the removal of the American embargo on Cuba, which is expected on October 27.
The fund will be in partnership with Lebanese banks. Negotiations are underway and Fransabank is expected to join in the deal, due its 20-year long history of dealings with Cuba, according to Rodrigo Malmirca, Cuban Minister of Foreign Trade and Investment. The bank has declined to comment.
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