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Banque du Caire plans sale of 30% stake

Updated

Summary

Banque du Caire is looking to raise as much as 24.25 billion Egyptian pounds ($454 million) by selling a 30% stake.

Why it matters

The proposed offering would be Egypt’s largest initial public offering in years.

Editorially reviewed context with at least a 15-minute delay. Market information, not investment advice.

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