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Bank Leumi agrees in principle to sell Romanian unit to Argo Capital Management

Israel's Bank Leumi said on Wednesday that it has signed an agreement in principle for the sale of its 99.91% stake in its Romanian subsidiary to British investment fund Argo Capital Management, seenews.com informs.The decision is part of a strategy concentrating international operations in major financial centres through the bank's subsidiaries in the United States and the UK, Bank Leumi said in a statement filed to the Tel Aviv Stock Exchange ...

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