BLOM bank grabs 12.5 percent of Misr Romanian Bank

14th Oct 2005, 15:47 GMT

Lebanon's largest bank grabbed 12.5 percent of Misr Romanian Bank in an initial public offering (IPO) and expects to buy the rest of the medium-size bank in the coming weeks in a $101 million deal, the bank's vice chairman and general manager told The Daily Star. "We will make an offer to purchase all the outstanding.