Browse
related articles
Standard Chartered eyeing Egypt acquisition deals
- Middle East: Monday, March 25 - 2013 at 08:00
Standard Chartered has said it would consider acquiring a bank in Egypt to ride an expected boom in one of the Middle East's largest economies, Reuters has reported. The bank also plans to expand operations in Iraq this year, said the British lender's regional chief executive, Christos Papadopoulos. The bank believes Egypt is in a transition towards a more stable economic and political system, making investment attractive from a long-term perspective, he said. "The only entrance point to Egypt is through acquisitions. We expect that there could be other banks coming to the market for sale, and we will be ready to grab the opportunity," he said, declining to name potential acquisition targets.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
