Société Générale de Banque au Liban (SGBL) has sold 3.5 million shares of Solidere to SGBL Insurance, its fully owned subsidiary, at a total value of $23.7 million.
SGBL now holds 13 million shares, or 7.88 percent of Solidere, while SGBL Insurance owns 2.12 percent.
The sale was done for three types of shares. The first included the sale of 1 million shares of Solidere 'B' at $6.68 per share. The second included the sale of another 1 million shares of ...
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