{"id":635030,"date":"2018-01-31T04:19:56","date_gmt":"2018-01-31T04:19:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/national-bank-of-greece-taps-ey-matouk-bassiouny-freshfields-as-advisors-on-its-cairo-branch-sale\/"},"modified":"2018-01-31T04:19:56","modified_gmt":"2018-01-31T04:19:56","slug":"national-bank-of-greece-taps-ey-matouk-bassiouny-freshfields-as-advisors-on-its-cairo-branch-sale","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/national-bank-of-greece-taps-ey-matouk-bassiouny-freshfields-as-advisors-on-its-cairo-branch-sale\/","title":{"rendered":"National Bank of Greece taps E&#038;Y, Matouk Bassiouny, Freshfields as advisors on its Cairo branch sale"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>National Bank of Greece taps advisors for exit from Egypt:<\/strong> The National Bank of Greece has reportedly tapped Ernst & Young as financial advisor and Matouk Bassiouny and Freshfields Bruckhaus Dinger as legal advisors its planned sale of its Cairo branches, <a href=\"https:\/\/alborsanews.com\/2018\/01\/30\/1081350\">Al Borsa reports<\/a>. Reports had <a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/26\/national-bank-of-greece-reportedly-looking-to-exit-egypt\/\">emerged in November<\/a> that the bank was shopping around for advisors on the potential sale of its 17 branches in Egypt, which comes as part of the bank\u2019s restructuring plan mandated by the European Commission after Greece\u2019s government debt crisis. The plan entails scaling back the bank\u2019s presence overseas. Unidentified sources tell Al Borsa that the bank is still drawing up its exit strategy, but expects to complete the sale of its branches sometime during 2H2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Bank of Greece taps advisors for exit from Egypt: The National Bank of Greece has reportedly tapped Ernst &#038; Young as financial advisor and Matouk Bassiouny and Freshfields Bruckhaus Dinger as legal advisors its planned sale of its Cairo branches, Al Borsa reports. Reports had emerged in November that the bank was shopping around [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635030","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"860a8800-49d9-4ee2-ba39-b7831953448d","order":"0","is_powered_by":true,"section_story_id":"026c060f-5c62-4278-9bd8-3472fbb0649f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635018],"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>National Bank of Greece taps E&amp;Y, Matouk Bassiouny, Freshfields as advisors on its Cairo branch sale - 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\/2018\/01\/31\/national-bank-of-greece-taps-ey-matouk-bassiouny-freshfields-as-advisors-on-its-cairo-branch-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"National Bank of Greece taps E&amp;Y, Matouk Bassiouny, Freshfields as advisors on its Cairo branch sale\" \/>\n<meta property=\"og:description\" content=\"National Bank of Greece taps advisors for exit from Egypt: The National Bank of Greece has reportedly tapped Ernst &amp; Young as financial advisor and Matouk Bassiouny and Freshfields Bruckhaus Dinger as legal advisors its planned sale of its Cairo branches, Al Borsa reports. Reports had emerged in November that the bank was shopping around [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/national-bank-of-greece-taps-ey-matouk-bassiouny-freshfields-as-advisors-on-its-cairo-branch-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-31T04:19:56+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/national-bank-of-greece-taps-ey-matouk-bassiouny-freshfields-as-advisors-on-its-cairo-branch-sale\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/national-bank-of-greece-taps-ey-matouk-bassiouny-freshfields-as-advisors-on-its-cairo-branch-sale\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"National Bank of Greece taps E&#038;Y, Matouk Bassiouny, Freshfields as advisors on its Cairo branch sale\",\"datePublished\":\"2018-01-31T04:19:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/national-bank-of-greece-taps-ey-matouk-bassiouny-freshfields-as-advisors-on-its-cairo-branch-sale\/\"},\"wordCount\":140,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/national-bank-of-greece-taps-ey-matouk-bassiouny-freshfields-as-advisors-on-its-cairo-branch-sale\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/national-bank-of-greece-taps-ey-matouk-bassiouny-freshfields-as-advisors-on-its-cairo-branch-sale\/\",\"name\":\"National Bank of Greece taps E&Y, Matouk Bassiouny, Freshfields as advisors on its Cairo branch sale - 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The National Bank of Greece is reportedly looking for advisors on the potential sale of its 17 branches in Egypt, Al Borsa reports. The move is part of the bank\u2019s restructuring plan mandated by the European Commission after Greece\u2019s government debt crisis. 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":635030,"position":2},"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":574557,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/14\/national-bank-of-egypt-taps-grant-thornton-matouk-bassiouny-to-advise-on-aman-stake-purchase\/","url_meta":{"origin":635030,"position":3},"title":"National Bank of Egypt taps Grant Thornton, Matouk Bassiouny to advise on Aman stake purchase","author":"enterpriseam admin","date":"14 September 2020","format":false,"excerpt":"M&A WATCH- NBE taps Grant Thornton, Matouk Bassiouny to advise on Aman stake purchase: State-owned National Bank of Egypt (NBE) has selected Grant Thornton as its financial advisor and Matouk Bassiouny & Hennawy as legal counsel for its planned acquisition of a 20-25% stake of Raya subsidiary Aman Holding, Al\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":574717,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/us-based-oilfield-service-provider-nesr-acquires-egypts-sapesco-for-usd-21-mn\/","url_meta":{"origin":635030,"position":4},"title":"US-based oilfield service provider NESR acquires Egypt\u2019s SAPESCO for USD 21 mn","author":"enterpriseam admin","date":"20 September 2020","format":false,"excerpt":"M&A WATCH- Texas-based National Energy Services enters Egyptian market with USD 21 mn purchase of Egypt\u2019s SAPESCO: US-based MENA and Asia Pacific oilfield service provider National Energy Services Reunited (NESR) closed last week its USD 21 mn acquisition of Egypt\u2019s Sahara Petroleum Services Company (SAPESCO), according to a press release\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":547202,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/13\/welcome-fabmisr\/","url_meta":{"origin":635030,"position":5},"title":"Welcome, FABMisr","author":"enterpriseam admin","date":"13 June 2022","format":false,"excerpt":"First Abu Dhabi Bank (FAB) has completed the merger of Bank Audi Egypt and rebranded its Egypt operations as FABMisr, a year after it acquired 100% of the Lebanese bank\u2019s local unit, the Emirati lender said in a statement (pdf) yesterday. 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