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LFB to boost HSBC unit stake to 70pcThe Libyan Foreign Bank (LFB) aims to hike its stake in HSBC affiliate British Arab Commercial Bank to 70 from 25 per cent and plans to raise its capital 10 times to $10 billion, the Oea daily reported on Tuesday. State-owned LFB has held More… |
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Libyan Foreign Bank eyes capital hike, acquisitionsState-owned Libyan Foreign Bank (LFB) plans to raise its capital 10-fold to $10 billion to finance acquisitions in Europe and Africa and will up its stake in HSBC affiliate British Arab Commercial Bank. Libya, home to Africa's largest More… |
