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Italy’s Intesa Sanpaolo in talks with Egyptian gov’t to acquire the rest of Alexbank
The Italian lender has been the majority shareholder of Alexbank since 2006
Sovereign Fund of Egypt reportedly eyeing a minority stake in El Ezaby
In partnership with an unnamed investment firm
The Enterprise 2023 Reader Poll: More of you are feeling downbeat about our economic prospects as headwinds mount
2022 was not a great year for business — and there’s uncertainty on what the future holds
THIS EVENING: Italy’s Intesa Sanpaolo wants to become the sole owner of Alexbank + Biden makes surprise visit to Ukraine
Happy Monday, wonderful people. It’s relatively calm on the news front here at home so far, but we have a…
THIS EVENING: The SFE could snag a piece of El Ezaby + Syria’s earthquake gets more attention in the foreign press
Good afternoon, ladies and gents, and welcome to the start of a new week. It’s a calmer-than-expected Sunday so far,…
StanChart on EGP uncertainty + Omani wealth fund considers investing in Egypt
Investors are waiting for “significant and clear signals”
Egypt weathered the global M&A slowdown last year
Deal count remained more or less flat at 242 transactions
State pharma firms could offer minority stakes within six months
Two state-owned pharma firms to sell minority stakes within six months? The government wants to sell sizable minority stakes in…
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