Emirates NBD to Buy BNP Paribas Egypt Unit in $500 Million Deal

Emirates NBD to Buy BNP Paribas Egypt Unit in $500 Million Deal

Shawn Baldwin/Bloomberg

BNP Paribas SA and HSBC Holdings Plc bank branches at a shopping mall in Cairo, Egypt. Cairo-based BNP Paribas Egypt, which owns 69 branches in the North African nation, had a revenue of 731 million Egyptian pounds ($118.6 million) and net earnings of 222 million pounds in 2011, according to the statement.