trending Market Intelligence /marketintelligence/en/news-insights/trending/r6oKwmONAaMTVsjQm5SY_w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Egyptian i-bank sale faces fresh delay

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Report: Egyptian i-bank sale faces fresh delay

An ongoing court case is set to further delay the sale of anEgyptian investment bank, according to Reuters.

The head of Egypt's FSA, Sherif Sami, told the newswireApril 13 that the saleof CI Capital Holding CoSAE to Orascom Telecom and Media Technology Holding and subsidiaryBeltone Financial Holding would be postponed pending the settlement of anappeal by several CI Capital shareholders who are refusing to sell theirshares.

CommercialInternational Bank (Egypt) SAE agreed in February to sell CICapital to Egyptian billionaire Naguib Sawaris' Orascom for 924 millionEgyptian pounds, and Sawaris said he would merge CI Capital and Beltone. Thefirms signed a sharepurchase agreement Feb. 28 and had expected to complete the transaction beforethe end of the first quarter.

Sawiris previously said the sale was being delayed bynational security concerns, having earlier seen a last-minute and eventuallyunsuccessful counteroffer from a unit of state-owned , Reutersnoted.

As of April 13, US$1 was equivalent to 8.88 Egyptianpounds.