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Lebanon's Khoury Home acquired by investors
- Lebanon: Wednesday, November 21 - 2012 at 04:41
Lebanese home appliances retailer Khoury Home has announced private equity fund EuroMena II and Syrian investor Moussa Farhan have acquired a stake in the family-run business, The Daily Star has reported. "The acquisition of the Khoury family shares is the best choice for the future of the company in order to fuel its prospective expansion and growth on the local and regional levels," Romen Mathieu, managing director of EuroMena II, said. He said Khoury Home will continue investing to cover all Lebanese areas, highlighting that the Bekaa Valley, the south and the north of Lebanon could all see more branches opened.
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