QNB submits tender offer for NSGB acquisition
- Egypt: Tuesday, February 12 - 2013 at 03:01
The Egyptian Financial Supervisory Authority has said that Qatar National Bank (QNB) has submitted a mandatory tender offer for 100% of the shares in the National Société Générale Bank (NSGB), Ahram has reported. Last month, Egypt's central bank approved a request by the Qatari bank to acquire a majority stake in NSGB Egypt for nearly $2bn.
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