{"id":597716,"date":"2019-05-02T04:11:11","date_gmt":"2019-05-02T04:11:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/us-based-investment-fund-to-acquire-egypts-united-bank-within-three-months-says-amer\/"},"modified":"2019-05-02T04:11:11","modified_gmt":"2019-05-02T04:11:11","slug":"us-based-investment-fund-to-acquire-egypts-united-bank-within-three-months-says-amer","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/us-based-investment-fund-to-acquire-egypts-united-bank-within-three-months-says-amer\/","title":{"rendered":"US-based investment fund to acquire Egypt\u2019s United Bank within three months, says Amer"},"content":{"rendered":"

<\/a> M&A WATCH- The acquisition of United Bank by a US-based investment fund should be complete within three months\u2019 time<\/b>, CBE Governor Tarek Amer said last week, according to Masrawy<\/a>. Amer did not disclose any further details of the transaction. The governor said in February<\/a> that a US financial institution had made an offer to acquire the bank and was currently conducting due diligence. The CBE governor said the due diligence process will be complete in three months. Amer separately told the domestic press<\/a> that it is also possible that a non-controlling stake in United Bank could be offered on the EGX. The central bank owns 99.9% of the bank\u2019s shares, having created the institution through the merger of a number of smaller institutions. It announced back in 2017 its intention<\/a> to sell United Bank to a strategic investor.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- The acquisition of United Bank by a US-based investment fund should be complete within three months\u2019 time, CBE Governor Tarek Amer said last week, according to Masrawy. Amer did not disclose any further details of the transaction. The governor said in February that a US financial institution had made an offer to acquire […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[271,72,7128,2380,7193],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597716","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-central-bank-of-egypt","tag-enterpriseam","tag-ma-watch","tag-speed-round","tag-united-bank","wpautop","entry"],"acf":{"mongo_id":"e1452e57-c7d0-4f89-8088-9d7c03a80715","is_powered_by":true,"section_story_id":"b6712d1b-02ac-4d8a-a922-9c1c42bbf2fa","story_type":"1","photo_url":"","photo_position":"above","related_issue":[597707],"teaser":"","voice_url":""},"yoast_head":"\nUS-based investment fund to acquire Egypt\u2019s United Bank within three months, says Amer - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/us-based-investment-fund-to-acquire-egypts-united-bank-within-three-months-says-amer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US-based investment fund to acquire Egypt\u2019s United Bank within three months, says Amer\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- The acquisition of United Bank by a US-based investment fund should be complete within three months\u2019 time, CBE Governor Tarek Amer said last week, according to Masrawy. Amer did not disclose any further details of the transaction. 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