M&A WATCH- Banque Misr has sold its 2% stake in Saudi Arabia’s Samba Financial Group for USD 370 mn, Vice Chairman Akef El Maghraby told Reuters, without naming the buyer. El Maghraby told Sky News that the divestment came amid plans to sell stakes in entities in which the bank does not participate in management or in the decision-making process (watch, runtime 01:15). El Maghraby also said Banque Misr would not be selling its stake in Cairo-Amman Bank.

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