VOL. XXXVI
NO. 35
31-MAY-1993
Financial and Banking News
CAPITAL MARKETS
IFC Agrees To Take 5% Stake In Commercial International Bank
The International Finance Corporation (IFC - the private sector arm of theWorld Bank) is to take a 5% stake in Cairo-based Commercial International Bank (CIB).The stake, which is expected to cost about $15mn, will be the biggest initialinvestment ever made by the IFC in a financial institution.
The IFC's share purchase will form part of the third stage of a capital...
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