{"id":658244,"date":"2025-01-08T00:00:00","date_gmt":"2025-01-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/08\/could-we-see-a-banque-du-caire-stake-sale-in-1h-2025\/"},"modified":"2025-01-08T00:00:00","modified_gmt":"2025-01-08T00:00:00","slug":"could-we-see-a-banque-du-caire-stake-sale-in-1h-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/08\/could-we-see-a-banque-du-caire-stake-sale-in-1h-2025\/","title":{"rendered":"Could we see a Banque du Caire stake sale in 1H 2025?"},"content":{"rendered":"

Good afternoon all you wonderful people, and happy Wednesday. <\/strong>Read on for all the latest on the Banque du Caire stake sale, the world\u2019s most valuable companies in 2024, and solid recs to kick off the new year.<\/p>\n

THE BIG STORY TODAY<\/p>\n

The long-awaited Banque du Caire stake sale could soon be kicking into <\/strong>gear:<\/strong> Banque Misr is preparing to appoint an advisor for the offering of its subsidiary Banque du Caire, with the decision to come in a matter of days, a senior banking source told EnterpriseAM. The advisor will determine the structure of the sale, including allocations for public and private placements, with the offering expected to occur in 1H 2025 \u2014 earlier than the 2H kickoff<\/a> we\u2019d heard about previously.<\/p>\n

Emirates NBD is reportedly eyeing a stake:<\/strong> Emirates NBD is reportedly considering the acquisition of a controlling stake in BdC, with informed sources telling Al Mal<\/a> that the bank is currently in the final stages of due diligence with the acquisition expected to go through in 1Q 2025. Our source noted that multiple offers from investors and banks are currently under consideration, but refused to name any of the interested parties as all discussions remain in the early stages.<\/p>\n

The sale has been a long time coming:<\/strong> Plans to list Banque du Caire have been floated \u2014 and repeatedly delayed<\/a> \u2014 since 2018, with adverse market conditions often singled out as the culprit. Despite the stop-start nature of the privatization process, the government has continued to position BdC as a prime privatization target<\/a>, with Prime Minister Moustafa Madbouly highlighting it last month as one of ten state-owned companies \u2014 alongside fellow banking sector stalwart Alexbank \u2014 as among those slated for stake sales in 2025.<\/p>\n

THE BIG STORY ABROAD<\/p>\n

The international headlines are a mixed bag today, <\/strong>with a number of stories vying for top billing. Wildfires in the Los Angeles area have forced<\/a>tens of<\/a>thousands<\/a> to evacuate their homes in the affluent coastal neighborhood of Pacific Palisades and the Pasadena region in the latest fire-related disaster to afflict southern California. Over in South Korea, acting president Choi Sang-mok has encouraged security forces to pursue the arrest<\/a> of impeached president Yoon Suk Yeol, who has barricaded himself within the presidential residence with the help of his personal security services. And closer to home, intensified Israeli strikes on Gaza killed<\/a>at least<\/a>22<\/a> today, as the US, Egypt, and Qatar continue last-ditch talks to secure a ceasefire prior to the inauguration of president-elect Donald Trump on 20 January.<\/p>\n

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