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Italian group Intesa Sanpaolo increases stake in Bank of Alexandria to 80%
The Bank of Alexandria has said its Italian majority owner, the Intesa Sanpaolo banking group, has re-acquired shares previously owned by the International Finance Corporation (IFC), which it first sold to it in 2008. The stake repurchased by Intesa represents 39 million shares, or 9.75 percent. In a statement, the…
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Click here to read the full story: Arab News