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...