Banque du Caire acquires 20% stake in Egy Serv

M&A WATCH- Banque du Caire acquires 20% of Egy Serv: Banque du Caire (BdC) has acquired a 20% stake in the postal services company Egy Serv, banking sources told Al Mal. The bank purchased around 797.9k shares from the National Bank of Kuwait for EGP 36 mn, the sources said. The transaction raises BdC’s stake in the company to 40%, equivalent to that of the National Bank of Egypt.

Advisors: HC Securities acted as the transaction's broker, while Arabeya Online represented the seller.