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Monday, 19 October 2020

Egypt extends Qatar bank deadline to offer to buy NSGB

Reuters, Thursday 22 Nov 2012
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Views: 888

Egypt's regulator said on Thursday it would extend until Feb. 20 the deadline for Qatar National Bank to offer to buy out all the shares in National Societe Generale Bank.

The Egyptian Financial Services Authority (EFSA) said in a statement that the period would be extended from Nov. 27.

NSGB is majority owned by France's Societe Generale Bank.

NSGB listed shares at the Egyptian Stock Exchange are currently tumbled by 5 per cent. 

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