NBE to sell stake in 11 companies for EGP 1.8-2 bn, land for EGP 4 bn

The National Bank of Egypt (NBE) is planning on selling stakes in 11 companies and is targeting receipts of EGP 1.8-2 bn from the transactions, according to the bank’s Head of Investments Ayman Yassin,Al Shorouk says. The bank is also looking to divest real estate holdings worth up to EGP 4 bn, he said.