The EuroMena Funds Invests in Lebanon-based Lender Credit Libanais (MENA)
Source: The EuroMena Funds
Middle East- and Africa-focused fund manager The EuroMena Funds has invested US$20 million in Lebanon-based bank Credit Libanais. The transaction was structured through EuroMena III. EuroMena acquired the shares as part of the sale of 9.41 million shares in Credit Libanais by investment bank EFG-Hermes. Credit Libanais provides a range of banking products and services in Lebanon and West Africa.