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Bank ABC acquires Blom Bank Egypt for $480 million – sources
Bahrain’s Bank ABC completed its purchase of the Egyptian subsidiary of Lebanon’s Blom Bank for $480 million on Thursday, two banking sources said. The transaction included all Blom Bank Egypt’s physical and non-physical assets as well as customer accounts, the sources said. Lebanon’s Blom Bank, which owns 99.42% of the…
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Click here to read the full story: Reuters