Mergers & Acquisitions
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Kuwait’s Al Ahli Bank buying Egyptian unit of Greece’s Piraeus Bank for $150m
Kuwait’s Al Ahli Bank will pay about $150 million to acquire 98.5 per cent of the Egyptian unit of Greece’s Piraeus Bank, the Kuwaiti lender said on Thursday. The transaction, which requires approvals from the central banks of Kuwait and Egypt according to Al Ahli Bank’s bourse filing, stands to…
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