United Bank Of Egypt To Buy Egypt Arab African Bank
Following months of uncertainty over who will buy themajority stake in Egypt Arab African Bank (EAAB), officials at the bankconfirmed at the end of August that a 75% stake in EAAB will be sold to theUnited Bank of Egypt (UBE). According to Cairo-based EFG-Hermes, bids for thebank were presented by France痴 Credit Agricole Indosuez, the National Bank ofKuwait (NBK) and the Arab Banking Corporation (ABC). UBE...
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