Egypt
Banque du Caire announced its plans on 11 October to sell 30 percent of its capital to the public, a long-anticipated move on the Egyptian Exchange that has been repeatedly postponed for years, according to an official statement from the bank. Banque Misr, the state-owned lender that holds the shares, will sell about 4.7 billion of them. The offering will be split into two tranches for qualified institutional investors and another for retail investors in Egypt. The subscription is expected…
