VOL. XLIII
No. 41
9-OCTOBER-2000
EGYPT
HSBC Announces Plan To Purchase Additional Shares In Egyptian British Bank
HSBC Holding PLC on 2 October announced plans to launch a cash offer of E500 ($140) per share for an additional 226,770 shares, or approximately 11%, of the Egyptian British Bank (EBB). According to HSBCs press release, it already owns 794,336 EBB shares, or approximately 40% of the issued share capital, with the remainder held by individual and institutional shareholders. The offer...
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