Arab Banking Corporation submits offer to buy all shares of BLOM Bank – Egypt

EGYPT – The Arab Banking Corporation (ABC) has submitted an offer to buy up to 300 million shares representing 100% of the issued capital of BLOM Bank – Egypt at EGP 22.33 (US$1.42) per share. The Egyptian Exchange (EGX) also said that the validity period of the offer is 10 working days, starting from the day following the date of the purchase offer’s publication, and will run until the end of trading on 5 August. Implementation will be carried out on the EGX within five working from the end of…

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