KBL
SGBL to acquire KBL Richelieu, KBL Monaco
Lebanese bank's acquisition leads to creation of new group, Compagnie Financière Richelieu.
The Société Générale de Banque au Liban (SGBL) has signed an agreement with Luxembourg-headquartered KBL European Private Bankers for the purchase of KBL Richelieu in France and KBL Monaco.
The acquisition is part of the bank's international development strategy and was announced in a press release published on Saturday.
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