The offices of the Beirut stock exchange, Tuesday, March 4, 2014. (The Daily Star/Hasan Shaaban)
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Emirates National Bank of Dubai exited the Lebanese market after selling its stake in Bank of Beirut for $29.275 million.Emirates National Bank of Dubai owned 7.56 percent of Bank of Beirut and is considered the fourth largest shareholder of the Lebanese lender.Surprisingly, Emirates National Bank of Dubai sold its stake to Bank of Beirut for $14 per share, far lower than the list price of $25.5 .The bank is one of the six lenders listed on the Beirut Stock Exchange.
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