Banque du Caire boosts IPO stake to 45%, set to be Egypt's largest in over a decade
Banque du Caire boosted the stake it’s offering in a long-delayed IPO to 45%, in what would be Egypt’s largest initial public offering in more than a decade. The state-run bank had initially planned to sell a 30% stake held by Banque Misr, valued at $454 million, through a secondary offering. It said the size of the offer could be increased depending on demand during the subscription period.
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