VOL. XLI

No. 50

14-December-1998

EGYPT

Barclays Bank Takes Control Of Banque Du Caire Barclays International

Barclays Bank of the UK and Banque du Caire reached a preliminaryagreement on 22 November under which the former will acquire a further 11% stake in theirjoint venture, Banque du Caire Barclays International. Barclays will pay E77mn ($23mn)for the acquisition of 55,000 shares, lifting its shareholding in the joint venture to60%, or 300,000 shares. State-owned Banque du Caire, which will...