Societe Generale Libano Europeenne de Banque (SGLEB) agreed to purchase from Nabil Aoun, head of Fidus’ board of directors, the remaining 33 percent of brokerage firm Fidus that it does not already own. It already increased its share last April from 51 percent to 67 percent. As a result, SGLEB Chairman Maurice Sehnawi will become Fidus’ chairman and Nabil Aoun will be trading advisor to the chairman. The purchase must still be approved by the Central Bank and SGLEB stockholders. ¯ ( Banque du Liban et d'Outre-Mer Sal )
© 2000 Mena Report (www.menareport.com)
