Two banks are willing to pay Egypt-based EFG Hermes a higher price than it has already received for its 63.7 percent stake in Credit Libanais. The offers are contingent on positive due diligence results. Both Cedrus Invest Bank (CIB) and BIT Bank are independently still pursuing the acquisition of a majority stake in Credit Libanais – despite an initial announcement of granting the deal to the bank's chairman's group of investors.
EFG Hermes is offering Credit Libanais' share for $33, wh...
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