VOL. XLIII
No. 26
26-June-2000
IRAN
Irans Foreign Investment Company Bids For A Further 79.64% Stake In Egypts MIDB
Irans government-owned Foreign Investment Company (FIC) has made a bid for an additional 79.46% stake in Egypts Misr Iran Development Bank (MIDB), according to the Egyptian financial daily al-Alam al-Youm on 19 June. FIC currently owns 20% of MIDB, while Egypts state-owned Alexandria Bank and Misr Insurance plan to divest their 79.46% stake. Cairo-based EGF-Hermes Investment Banking...
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