Deals
Egypt Plans to Sell Banque Du Caire Stake This Year, Amer Says
- Egypt could offer up to 30% in the state-owned lender
- Central bank governor speaks in an interview in Washington
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Egypt plans to sell a stake in Banque du Caire, one of the country’s biggest state-owned lenders, toward the end of this year, central bank Governor Tarek Amer said.
“The size is around 20 percent; might go up to 30 percent,” Amer said in an interview in Washington, where he attended the International Monetary Fund and World Bank annual meetings. The sale would be through the Egyptian Exchange, he said.