Deals
Egypt United Bank Stake Sale Advances as Advisers Bid for Role
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Egypt’s biggest investment banks, including EFG Hermes Holding Co. and CI Capital Holding, are vying to manage the sale of a stake in state-owned United Bank, a deal that may augur a new wave of private investment in the North African nation after years of upheaval.
Pharos Holding and HC Securities & Investment are also among “several” investment banks that have bid for the role, according to Egyptian central bank Governor Tarek Amer.