Deals
EBRD Is Latest Firm to Eye Stake in Egypt’s Banque du Caire
- Abu Dhabi Holding, Egypt wealth fund also said to be in talks
- Banque du Caire aims to raise $500 million from planned sale
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European Bank for Reconstruction & Development is the latest institution seeking to buy a stake in Banque du Caire as part of the state-owned lender’s initial public offering, according to a person familiar with the matter.
The person asked not to be identified because the discussions are private. London-based EBRD declined to comment.