Mergers & Acquisitions
Retail Banking
Uncategorized
Bahrain's ABC triples Egypt market share with BLOM unit takeover
Bahrain’s Arab Banking Corp has completed the acquisition of a 99.5% stake in the Egyptian unit of Lebanon’s BLOM Bank, which will allow ABC to triple its market share and balance sheet in Egypt. The announcement followed the successful completion of ABC’s mandatory tender offer for BlOM’s Egyptian unit for…
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Click here to read the full story: Reuters