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Mashreq still wants to buy Banque du CaireDubai's Mashreq bank is still interested in buying Egypt's Banque du Caire even though its initial offer was rejected and the sale cancelled, Mashreq's chief executive has said. Mashreq CEO Abdul Aziz Al Ghurair was quoted by Emirates Busi More… |
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Egypt cancels state bank auctionEgypt cancelled the auction of a stake in its third-largest bank saying bids were too low, rejecting a National Bank of Greece offer valuing it at $2.025 billion. The government planned to sell up to 67 percent of Banque du Caire in Egypt' More… |
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Mashreq may bid for Banque du CaireUAE-based Mashreqbank is considering bidding for Egypt's state-owned Banque du Caire, a report said. The move is seen as part of the bank's plans to expand in the most populous Arab country, Egypt's daily Al Alam Al Youm reported. More… |
