A group of investors led by Maurice Sehnaoui is in talks with BLC Bank to buy its stake in the Cyprus-based USB Bank. Sehnaoui will in turn exit his stake in BLC Bank in favor to the Kassar family, which owns the majority of it.
BLC Bank owns 99.25 percent of USB Bank, whose shareholders' equity stood at around $85.5 million at the end of 2016. Sehanoui holds a 23 percent stake in BLC Bank, whose equity totaled $559.8 million at the end of 2017. He owns 18.4 percent through Holding M. Seh...
Article details
No comments:
Post a Comment