Banque du Caire IPO expected to take place in 3Q18
CBE Governor Tarek Amer said Banque du Caire’s IPO is expected to take place in 3Q2018, in a statement to the press at the ‘Business for Africa, Egypt and the World’ summit on Thursday, providing no further details on the planned IPO. Amer also added that the sale of state-owned United Bank of Egypt (UBE) still needs more time, as the bank’s restructuring process is still in progress.
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