BEIRUT - The Maronite League redeemed a huge tract land in the town of Hadath near Baabda after lengthy negotiations with the main buyers from the Shiite sect.

The land, around 80,000 m² in size, was redeemed in exchange for at least $40 million, a well-informed source told NOW.

Its location is considered strategic, as it separates Baabda, Kfarshima and Hadath.

It was originally sold for $27 million to Shiite businessmen: Nasser Abbas Soueidan, Hussein Ahmad Issawi, Adnan Ali Awad, Adel Ali Diab, Mohammad Haidar Hoteit, Zou al-Faqar Haidar Hoteit, Tareq Talaat Hadi, Faisal Talaat Hadi, Yasmeen Adnan Ayad and Mohammad Adel Diab. [Link]