Laiki Sells Australia Branch To Bank of Beirut
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Marfin Laiki Popular Bank said it has sold 85 percent of Laiki Bank Australia to Bank of Beirut for 142.9 million Australian dollars, said the group in a statement.
The sale - which was completed after approval from the Central Bank of Lebanon - will result in a profit of 52.7 million euros for the year 2011, said Laiki.
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