Deals
Lebanon’s Bank Audi Is Said to Receive Interest in Egypt Unit
- Lender may sell the unit as part of restructuring process
- Lebanon is struggling with worst economic crisis in decades
An Audi Bank SAL branch in Beirut, Lebanon.
Photographer: Hasan Shaaban/BloombergThis article is for subscribers only.
Bank Audi SAL received several expressions of interest to buy its Egyptian unit, according to an official from the bank.
Lebanon’s biggest lender by assets held informal talks with institutions that are seeking to expand their operations in Egypt or enter in the north African country, the official said, asking not to be identified because the information isn’t public.