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ENBD eyes BNP Paribas Egypt buy by mid-MayEmirates NBD, Dubai's biggest bank, plans to complete its acquisition of French lender BNP Paribas' Egyptian operations by mid-May, its chief executive said on Thursday. "The completion should be finalised in mid-May, More… |
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Etisalat picks banks for Maroc Telecom stake buyEtisalat, the UAE's biggest telecommunications operator, has hired banks to advise on its planned acquisition of Vivendi's 53 percent stake in Maroc Telecom, banking sources aware of the matter said. More… |
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ENBD ‘favourite to buy BNP Paribas' Egypt arm’Emirates NBD, Dubai's largest bank, has emerged as the frontrunner to buy BNP Paribas' Egyptian retail business, three sources familiar with the matter said, in a deal likely to raise $400-500 million for the French lender. More… |
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UAE, Morocco banks eye BNP Egypt retail armDubai's Emirates NBD and Morocco's Attijari Wafa bank have bid to buy BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks pick up assets being shed by European lenders. BNP, the top French ba More… |
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Trafigura wins $400m ME loanCommodities trader Trafigura has taken a $400 million loan from a group of Middle Eastern banks, as the group looks to diversify its lending pool at a time of stress in traditional banking spheres, banking sources said. The one-ye More… |
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Abu Dhabi power project eyes $800m bondAbu Dhabi's Shuweihat 2 independent water and power plant (IWPP) project may launch a bond with a target size of $800 million by the end of September as part of a $2.2 billion refinancing plan, three sources familiar with the matte More… |
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Egypt's banks ‘ripe for picking’(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) With a political transition in full swing and a pledge from the president not to devalue the pound, a number of banks in Egypt could soon change hand More… |
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BNP to seek bids for Egyptian retail arm saleBNP Paribas will seek preliminary bids for its Egyptian retail banking business in the next two weeks, sources aware of the matter said on Tuesday, in a deal likely to generate over $400 million for the French lender. BNP wants to More… |
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BNP plans to sell Egypt retail operationsBNP Paribas, France's biggest listed bank, is planning to sell its retail banking operations in Egypt as the lender seeks to shore up its capital base and exit non-core operations, two banking sources said. BNP, with around 70 branches in More… |
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BNP Paribas net income tops $3.8bnBNP Paribas, France's No 1 listed bank, yesterday said it had almost wrapped up its plan to sell assets and cut debt to strengthen financial firepower after its first-quarter profits were boosted by the sale of shares in Klepierre. Eur More… |
