{"id":597771,"date":"2019-05-05T04:01:26","date_gmt":"2019-05-05T04:01:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/bank-audi-to-acquire-nbgs-egypt-arm\/"},"modified":"2019-05-05T04:01:26","modified_gmt":"2019-05-05T04:01:26","slug":"bank-audi-to-acquire-nbgs-egypt-arm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/bank-audi-to-acquire-nbgs-egypt-arm\/","title":{"rendered":"Bank Audi to acquire NBG\u2019s Egypt arm"},"content":{"rendered":"

<\/a> M&A WATCH-<\/b> Bank Audi to acquire NBG\u2019s Egypt arm: <\/b>Bank Audi will acquire National Bank of Greece\u2019s Egypt arm, including a book of \u201cmostly of Egyptian-risk loans, deposits and securities (total assets of c. EUR 110 mn), a branch network of 17 branches and c. 250 employees,\u201d NBG said in a press release<\/a>. With a sale agreement now inked, the transaction is still subject to the final approval of the central banks of Egypt and Lebanon. NBG decided to exit the market<\/a> last year as part of a wider plan to reduce its overseas presence under an EU-supervised restructuring. The statement did not give a value for the transaction or provide any other details.<\/p>\n

Advisors: <\/b>NBG had tapped Ernst & Young as financial advisor and Matouk Bassiouny and Freshfields as legal advisors for the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Bank Audi to acquire NBG\u2019s Egypt arm: Bank Audi will acquire National Bank of Greece\u2019s Egypt arm, including a book of \u201cmostly of Egyptian-risk loans, deposits and securities (total assets of c. EUR 110 mn), a branch network of 17 branches and c. 250 employees,\u201d NBG said in a press release. With a […]<\/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":[2037,204,72,7087,7128,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597771","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-bank-audi","tag-banking","tag-enterpriseam","tag-finance","tag-ma-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"567725fb-8b58-4085-9a33-97062f8a1f8c","is_powered_by":true,"section_story_id":"18178d91-8955-4baa-a3cf-7b625ed68611","story_type":"1","photo_url":"","photo_position":"above","related_issue":[597762],"teaser":"","voice_url":""},"yoast_head":"\nBank Audi to acquire NBG\u2019s Egypt arm - 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\/05\/bank-audi-to-acquire-nbgs-egypt-arm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Audi to acquire NBG\u2019s Egypt arm\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Bank Audi to acquire NBG\u2019s Egypt arm: Bank Audi will acquire National Bank of Greece\u2019s Egypt arm, including a book of \u201cmostly of Egyptian-risk loans, deposits and securities (total assets of c. EUR 110 mn), a branch network of 17 branches and c. 250 employees,\u201d NBG said in a press release. 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The Central Bank of Egypt had\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600199,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/central-bank-of-egypt-approves-bank-audi-request-to-begin-due-diligence-on-nbg\/","url_meta":{"origin":597771,"position":1},"title":"Central Bank of Egypt approves Bank Audi request to begin due diligence on NBG","author":"enterpriseam admin","date":"22 January 2019","format":false,"excerpt":"M&A WATCH- CBE greenlights Bank Audi due diligence on NBG: The central bank given Bank Audi the go-ahead to do due diligence on the potential acquisition of the National Bank of Greece\u2019s (NBG) assets in Egypt, CBE Deputy Governor Gamal Negm told Masrawy. A source from Bank Audi said to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598258,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/bank-audi-nbg-to-present-acquisition-bid-to-the-central-bank-in-two-week\/","url_meta":{"origin":597771,"position":2},"title":"Bank Audi, NBG to present acquisition bid to the central bank in two week","author":"enterpriseam admin","date":"20 May 2019","format":false,"excerpt":"M&A WATCH- Bank Audi, NBG seeking central bank signoff on sale: Bank Audi and the National Bank of Greece (NBG) plan will seek Central Bank of Egypt signoff within two weeks on a transaction that would see Audi acquire NBG\u2019s operations in Egypt, Al Shorouk reported. Bank Audi announced earlier\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594357,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/is-nbg-egypts-unresolved-pay-disputes-with-its-staff-threatening-its-acquisition-by-bank-audi\/","url_meta":{"origin":597771,"position":3},"title":"Is NBG Egypt\u2019s unresolved pay disputes with its staff threatening its acquisition by Bank Audi?","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"M&A WATCH- Are NBG\u2019s unresolved pay disputes with its staff threatening its acquisition by Bank Audi? The National Bank of Greece (NBG) is still to resolve a disagreement with its staff over its pending sale to Bank Audi, which is threatening to stall the acquisition, sources with knowledge of the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/2291.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595079,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/will-the-central-bank-of-egypt-sign-off-soon-on-nbgs-sale-to-bank-audi\/","url_meta":{"origin":597771,"position":4},"title":"Will the Central Bank of Egypt sign off soon on NBG\u2019s sale to Bank Audi?","author":"enterpriseam admin","date":"16 September 2019","format":false,"excerpt":"M&A WATCH- CBE to sign off soon on NBG sale to Bank Audi? The Central Bank of Egypt is set to approve Bank Audi\u2019s planned acquisition of the National Bank of Greece\u2019s (NBG) operations in Egypt, an unnamed CBE source tells Masrawy. According to the source, the CBE is finalizing\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569736,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/05\/no-offers-for-nbgs-egypt-unit-negm\/","url_meta":{"origin":597771,"position":5},"title":"No offers for NBG\u2019s Egypt unit -Negm","author":"enterpriseam admin","date":"5 March 2020","format":false,"excerpt":"M&A WATCH- Apparently nobody wants NBG\u2019s Egypt unit anymore: The National Bank of Greece (NBG) has not received any new offers for the acquisition of its Egypt unit after negotiations with Lebanon\u2019s Bank Audi fell through, Deputy Governor of the Central Bank of Egypt Gamal Negm told Masrawy on the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=597771"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597771\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597762"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597771"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=597771"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=597771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}