January 3 (SeeNews) - Israel's Bank Leumi said on Wednesday that it has signed an agreement in principle for the sale of its 99.91% stake in its Romanian subsidiary to British investment fund Argo Capital Management. The decision is part of a strategy concentrating international operations in major financial centres through the bank's subsidiaries in the United States and the UK, Bank Leumi said in a statement filed to the Tel Aviv Stock Exchange (TASE).