National Bank of Egypt makes counterbid for CI Capital-NBE source
National Bank of Egypt. Youm7.

 CAIRO: The National Bank of Egypt’s investment banking arm has made a counter bid for CI Capital, an NBE source said on Thursday.

n December, the board of directors in Egypt’s leading listed bank approved “moving forward” with an offer by business tycoon Naguib Sawiris to acquire its investment bank subsidiary CI Capital through a non-binding offer submitted by Orascom Telecom for Media and Technology (OTMT) for LE 1 billion.

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