Bank ABC acquires Blom Bank Egypt for $480 million – sources
- Date: 15-Jan-2021
- Source: Egypt Independent
- Sector:Financial Services
- Country:Egypt
Bank ABC acquires Blom Bank Egypt for $480 million – sources
CAIRO (Reuters) - Bahrain's Bank ABC completed its purchase of the Egyptian subsidiary of Lebanon's Blom Bank for $480 million on Thursday, two banking sources said. The transaction included all Blom Bank Egypt's physical and non-physical assets as well as customer accounts, the sources said. Lebanon's Blom Bank, which owns 99.42 percent of the issued “¦ Continued
The post Bank ABC acquires Blom Bank Egypt for $480 million - sources appeared first on Egypt Independent.CAIRO (Reuters) - Bahrain's Bank ABC completed its purchase of the Egyptian subsidiary of Lebanon's Blom Bank for $480 million on Thursday, two banking sources said. The transaction included all Blom Bank Egypt's physical and non-physical assets as well as customer accounts, the sources said. Lebanon's Blom Bank, which owns 99.42 percent of the issued “¦ Continued
The post Bank ABC acquires Blom Bank Egypt for $480 million - sources appeared first on Egypt Independent.