Fransabank has increased its ownership in BLC Bank to 81.87 percent by acquiring a combined stake of 13.3 percent from a group of shareholders, according to a statement from BLC Bank.
The sellers are banker Maurice Sehnaoui and his company, Holding M. Sehnaoui, as well as Walid Ziade, Youmna Ziade, and Silver Capital Holding (Ziade family).
Part of the stake, amounting to 8.83 percent, was acquired for a total of $45.8 million. It consisted of 18.86 million listed common shares b...
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