VOL. XLIII
No. 29
17-July-2000
EGYPT
Egypts Central Bank Approves Sale Of Misr American International Bank
The Central Bank of Egypt (CBE) approved on 9 July the sale of 759,000 shares of Misr American International Bank (MAIB) to the National Bank of Kuwait (NBK) for $116mn. According to Fleming CIIC Daily Update on 10 July, the agreement is expected to be signed within two weeks. Originally, three international banks submitted bids for MAIB, with NBK offering the highest one at E531 ($153) per...
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