Levant Investment Bank (LIBANK) has acquired stakes in the two information technology companies, M media and Torch SAL, for a combined value of $5.9 million and has closed on a third acquisition in the same sector, said Tony Ghorayeb, the bank's Chairman.
LIBANK, which is engaged in asset and wealth management and financial engineering activities, operates an investment portfolio of nearly $500 million.
It has acquired a 68 percent stake in Torch SAL for $3.4 million. Torch was fou...
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