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Monday 10 August 2020
Home World Lebanon eyes MEA airline IPO after world crisis over

Lebanon eyes MEA airline IPO after world crisis over

 Lebanon may launch a public sale of 25 percent of national carrier Middle East Airlines after the world economy improves and a new government backs the plan, the central bank governor told a television on Sunday.
“The tendency is to sell 25 percent of the shares we own in MEA,” Riad Salameh said on the sidelines of an economic meeting in Kuwait.
Salameh said this would have to be done after the end of the current economic slowdown and when a new Lebanese government approves the plans for the initial public offering and the listing of shares on the Beirut bourse. In August 2008, Salameh said the environment was good to move ahead with a 25 percent IPO of MEA, which is owned by the central bank.
Faced by divisions and successive political crises, Lebanon’s outgoing government failed to implement major economic reforms, including privatisation in key sectors.

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