Banque du Caire to list 30% stake in upcoming Egyptian Exchange IPO

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Banque du Caire plans to float 30% of its issued share capital on the Egyptian Exchange in an IPO expected to conclude in November. The offering is a secondary sale of 4.575 billion existing shares held by state-owned Banque Misr.

Egypt’s Banque du Caire announced on Sunday its intention to float 30% of its issued share capital on the Egyptian Exchange (EGX), in an initial public offering (IPO) expected to conclude in November.   The offering will comprise a secondary sale of 4.575 billion existing ordinary shares currently held by the state-owned Banque Misr, the […]