The Standard Chartered Bank headquarters in Dbayeh. (The Daily Star/Mahmoud Kheir)
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All hurdles except one have been cleared in the pending acquisition of Standard Chartered's retail operations in Lebanon by Cedrus Invest Bank, a source involved in the negotiations told The Daily Star Friday.London-based Standard Chartered has 100 employees in Lebanon.The source declined to predict when the talks between Cedrus and Standard would be concluded but stressed that the most difficult parts had been resolved.Standard Chartered has decided to sell its retail operations in Lebanon as part of efforts to pull back from emerging markets.
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