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Al Ahram
17.01. 12:47
ABC Bank completes acquisition of BLOM BANK Egypt in deal worth EGP 6.7 bln
Bahrain-based Arab Banking Corporation (B.S.C. or Bank ABC) has acquired Egypt's unit by purchasing its entire 99.4 percent stake with a deal worth EGP 6.7 billion ($427 million), BLOM BANK 'SAL' announced in a statement on Sunday. The acquisition agreement is waiting for the approvals of the Centr»»»
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