Actis to pay $244 mln for shares in Egypt's CIB
hr01 hr02
Ads
Business in Africa
 
 

 

 

Email this article Print this page
Actis to pay $244 mln for shares in Egypt's CIB UPDATED 08 Jul 2009 | 06:56  
Actis to pay $244 mln for shares in Egypt's CIB

CAIRO (Reuters) - Private equity firm Actis has agreed to pay $244 million to acquire shares in Egypt's Commercial International Bank in a move that will make it the bank's single largest investor, Actis said on Wednesday.

Actis, which invests in emerging markets, said it was acquiring 50 percent of a stake held by a consortium led by Ripplewood Holdings.

SHARE THIS ARTICLE

Add a Bookmark Google   Post this Story to FaceBook Facebook

No comments have been posted about this Story

COMMENTS ON THIS STORY

Full Name:
E-Mail:
Rating: out of 5
Comment:
Related Articles

TOURISTS VISIT SEVEN-COLOURED EARTHS AT CHAMAREL.

Women prepare corn for sale outside a shop in downtown Nairobi

S.Africa maize deliveries rise to 8.87 mln tonnes: SAGIS

Mauritius 09 H1 tourism arrivals fall 9.3 pct

Asia stocks fall, investors pause for breath

Mondi swings to H1 loss, price drops weigh

Oil steady above $71 after unexpected stocks fall

S.Africa's rand weaker vs dollar, stock futures down

Special Kenyan export zones increase sales:regulator

Portugal to sell Angola diamond firm stake: report

Keep logged onto www.moneybiz.co.za oremail info@moneybiz.co.za for further information, or perhaps suggest a topic weshould tackle.