{"id":602322,"date":"2019-03-25T04:00:30","date_gmt":"2019-03-25T04:00:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/bank-audi-to-make-bid-for-nbgs-egypt-arm-within-a-week\/"},"modified":"2019-03-25T04:00:30","modified_gmt":"2019-03-25T04:00:30","slug":"bank-audi-to-make-bid-for-nbgs-egypt-arm-within-a-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/bank-audi-to-make-bid-for-nbgs-egypt-arm-within-a-week\/","title":{"rendered":"Bank Audi to make bid for NBG\u2019s Egypt arm within a week"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <b>M&A WATCH- Bank Audi to make bid for NBG\u2019s Egypt arm within a week:<\/b> Bank Audi has completed due diligence on the Egyptian unit of the National Bank of Greece (NBG) and is planning to make a bid within a week, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=24032019&id=b319cf2c-1fbc-48a0-b2e1-8281daac950a\">Al Shorouk reports<\/a>. The Central Bank of Egypt had granted Bank Audi the green light <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/22\/central-bank-of-egypt-approves-bank-audi-request-to-begin-due-diligence-on-nbg-2\/\">in January<\/a> to move ahead with the due diligence. NBG, which owns 17 branches in Egypt, had <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/30\/nbg-receives-greenlight-to-exit-local-market-to-begin-receiving-offers-for-local-assets-in-august\/\">decided to exit the market<\/a> last year as part of a wider plan to reduce its overseas presence under an EU-supervised restructuring.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Bank Audi to make bid for NBG\u2019s Egypt arm within a week: Bank Audi has completed due diligence on the Egyptian unit of the National Bank of Greece (NBG) and is planning to make a bid within a week, Al Shorouk reports. The Central Bank of Egypt had granted Bank Audi the green [&hellip;]<\/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":[2037,72,7128,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602322","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-bank-audi","tag-enterpriseam","tag-ma-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"015986ab-aa2f-4d79-af3f-6a348848cfb3","is_powered_by":true,"section_story_id":"f2d6ffd9-df28-4519-b9b9-7e0726e3650f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602313],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bank Audi to make bid for NBG\u2019s Egypt arm within a week - 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\/03\/25\/bank-audi-to-make-bid-for-nbgs-egypt-arm-within-a-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Audi to make bid for NBG\u2019s Egypt arm within a week\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Bank Audi to make bid for NBG\u2019s Egypt arm within a week: Bank Audi has completed due diligence on the Egyptian unit of the National Bank of Greece (NBG) and is planning to make a bid within a week, Al Shorouk reports. The Central Bank of Egypt had granted Bank Audi the green [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/bank-audi-to-make-bid-for-nbgs-egypt-arm-within-a-week\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-25T04:00:30+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/bank-audi-to-make-bid-for-nbgs-egypt-arm-within-a-week\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/bank-audi-to-make-bid-for-nbgs-egypt-arm-within-a-week\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Bank Audi to make bid for NBG\u2019s Egypt arm within a week\",\"datePublished\":\"2019-03-25T04:00:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/bank-audi-to-make-bid-for-nbgs-egypt-arm-within-a-week\/\"},\"wordCount\":109,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Bank Audi\",\"EnterpriseAM\",\"M&amp;A Watch\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/bank-audi-to-make-bid-for-nbgs-egypt-arm-within-a-week\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/bank-audi-to-make-bid-for-nbgs-egypt-arm-within-a-week\/\",\"name\":\"Bank Audi to make bid for NBG\u2019s Egypt arm within a week - 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A source from Bank Audi said to\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":601202,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/bank-audi-to-complete-due-diligence-for-nbg-egypt-arm-bid-by-month-end\/","url_meta":{"origin":602322,"position":1},"title":"Bank Audi to complete due diligence for NBG Egypt arm bid by month-end","author":"enterpriseam admin","date":"21 February 2019","format":false,"excerpt":"M&A WATCH- Bank Audi to complete due diligence for NBG Egypt bid by month-end: Bank Audi will complete by the end of the month due diligence on the Egypt subsidiary of National Bank of Greece (NBG) ahead of a planned acquisition of its assets and portfolio, unnamed sources told Reuters.\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":602322,"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 &quot;Speed Round&quot;","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":602322,"position":3},"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 &quot;Speed Round&quot;","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":597771,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/bank-audi-to-acquire-nbgs-egypt-arm\/","url_meta":{"origin":602322,"position":4},"title":"Bank Audi to acquire NBG\u2019s Egypt arm","author":"enterpriseam admin","date":"5 May 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":592876,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/11\/cbe-governor-pledges-to-protect-nbgs-employees-if-assets-are-sold-to-bank-audi\/","url_meta":{"origin":602322,"position":5},"title":"CBE governor pledges to protect NBG\u2019s employees if assets are sold to Bank Audi","author":"enterpriseam admin","date":"11 November 2019","format":false,"excerpt":"M&A WATCH- CBE\u2019s Amer tells NBG employees their \u201crights will be protected\u201d in Bank Audi acquisition: Central Bank of Egypt (CBE) Governor Tarek Amer said that the rights of the National Bank of Greece\u2019s (NBG) employees would be safeguarded if its acquisition by Bank Audi goes through, according to Masrawy.\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/602322","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=602322"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602322\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602313"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602322"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602322"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}