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Ahli buys Greek lender Piraeus' Egyptian unitAl Ahli Bank of Kuwait (ABK) said it has signed a deal with Piraeus Bank, one of the largest private lenders in Greece, to acquire 98.5 per cent of its Egyptian unit as part of its regional expansion strategy. This marks the compl More… |
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Kuwait's Al Ahli Bank to buy Egyptian lenderKuwait's Al Ahli Bank received approval from the Gulf state's central bank to buy Piraeus Bank's Egyptian unit, it said on Monday. Al Ahli Bank was still waiting for assent from Egypt's central bank for the deal, i More… |
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Kuwait's Al Ahli Bank buying Egypt bank for $150mKuwait's Al Ahli Bank will pay about $150 million to acquire 98.5 per cent of the Egyptian unit of Greece's Piraeus Bank, the Kuwaiti lender said on Thursday. The transaction, which requires approvals from the central bank More… |
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StanChart ends talks to buy Egypt bankStandard Chartered has ended talks to acquire the Egyptian unit of Greece's Piraeus Bank because of a worsening economic climate, Piraeus said. Egypt's crisis-hit economy suffered a fresh blow last week when street violence and pol More… |
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Egypt approves Piraeus unit sale processEgypt's central bank said on Monday it had given preliminary approval for Standard Chartered to start due diligence with a view to buying the Egyptian unit of Greece's Piraeus Bank. Standard Chartered has said it is considering buyin More… |
