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Egypt's CIB agrees to sell 10 pct of CI Capital -CI Capital CEO
May 14, 2017 / 1:12 PM / 3 months ago

Egypt's CIB agrees to sell 10 pct of CI Capital -CI Capital CEO

CAIRO, May 14 (Reuters) - Egypt's largest listed bank, Commercial International Bank, has agreed to sell 10 percent of its investment banking arm CI Capital to a local investor, CI Capital CEO Mahmoud Attalla said on Sunday.

CIB finalised a deal in March to sell about 75 percent of CI Capital to a group of Egyptian and Gulf investors in a deal worth about $40 million.

Reporting by Ehab Farouk; Writing by Eric Knecht; Editing by Catherine Evans

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