Mergers & Acquisitions
Retail Banking
Uncategorized
Bahrain’s Bank ABC buys 99.5% of Blom Bank Egypt
Bahrain’s Arab Banking Corporation has acquired a 99.5 per cent stake in Blom Bank Egypt in a mandatory tender offer. Bank ABC bought 298.62 million of Blom Bank Egypt’s 300 million shares for $424.05 million, the Egyptian Exchange said on Monday. The Gulf lender had offered to acquire the local…
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