(Reuters) - Egyptian Prime Minister Ahmed Nazif said on Monday he expected the privatisation of Banque du Caire to raise more than $1.6 billion in a public auction that would be open to foreign bidders with no restrictions.
Nazif's government aims to put up for auction 80 percent of the state-owned bank in six to nine months, and float another 15 percent on the stock exchange up to a year later.
Read more at Reuters Africa
Nazif's government aims to put up for auction 80 percent of the state-owned bank in six to nine months, and float another 15 percent on the stock exchange up to a year later.
Read more at Reuters Africa
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