Capital Bank to buy Lebanon's Bank Audi

By John Lee.

Jordan's Capital Bank has said that it has signed a letter of intent to acquire assets and liabilities of Lebanon's Bank Audi.

It's Chairman told Reuters that the bank has already begun due diligence on buying Bank Audi's Iraqi units.

Click here to see the stock market annoucement.

Click here to read Reuters interview

(Sources: Amman Stock Exchange, Reuters)

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