CIB mulls divesting 70% stake in brokerage arm CI Capital

Cairo – Mubasher: The Commercial International Bank (CIB) in the middle of talks with group of local investors to sell 70% of its brokerage firm – CI Capital at a price higher than the one offered at “Beltone – Orascom Telecom media” deal, said CI Capital CEO Mahmoud Atallah.

“The investors group are expected to sign a preliminary agreement next Sunday,” said Atallah in exclusive statement to Mubasher.

“The market value of CI Capital currently stands near EGP 1 billion,” noted Atallah.

MUBASHER Contribution Time: 30-Nov-2016 14:17 (GMT)
MUBASHER Last Update Time: 30-Nov-2016 14:17 (GMT)