HSBC Lebanon is in negotiations with staff members before deciding which bank will acquire its Lebanese operation . With nearly 400 managers and staff in Lebanon , HSBC isdiscussing its negotiations with employees with the acquisition set to be cancelled if the management can not reach agreements with staff members . BLOM , Bank Audi and Byblos Bank have all made bids for the bank with an acquisition expected to cost up to $ 100 m .
HSBC Lebanon is holding negotiations with staff members before deciding which bank will acquire its Lebanon operation. With nearly 200 managers and staff in Lebanon, HSBC isdiscussing compensation rates with employees with the acquisition set to be cancelled if HSBC management cannot reach agreements with staff members. BLOM, Bank Audi and Byblos Bank have all made bids for the bank with an acquisition expected to cost up to $100m.