Banque de Caire to sell 67% stakes
Egypt: Tuesday, March 25 - 2008 at 07:19
State-owned Bank Misr said it plans to sell up to 67% stake in Banque du Caire, reported Gulf News. The bank has shortlisted mashreq, Arab Bank, Samba Bank, First National Bank of Greece and Standard Chartered Bank to do due diligence. Banque de Caire has been acquired by Bank Misr about a year ago on book value.
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Medilyn Manibo, Assistant News EditorTuesday, March 25 - 2008 at 07:19 UAE local time (GMT+4)
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