Teddy and Raymond Rahmeh, owners of ZR Group Holding, will acquire Faqra Club Holding (FCH), which owns Faqra Club as a property as well as Societe Libanaise Des Projets Touristiques (Solipro), the management company of Faqra Club. FCH is chaired by Elie Nahas.
The deal is estimated at $17 million to $18 million including the management company and some land plots.
The two parties have reached an initial agreement. "The acquisition deal requires ten more days to close," said Nahas...
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