Egypt: COMESA Commission gives green light to ABC’s takeover of Blom Bank

Egypt: COMESA Commission gives green light to ABC’s takeover of Blom Bank

The group, chaired by Saddek Omar El Kaber, has seen the competition commission of the regional institution confirm its takeover operation for more than $400 million.

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            ▪ Egypt: COMESA Commission gives green light to ABC’s takeover of Blom Bank

▪ The group, chaired by Saddek Omar El Kaber, has seen the competition commission of the regional institution confirm its takeover operation for more than $400 million.

https://www.africabusinessplus.com/en/808504/egypt-comesa-commission-gives-green-light-to-abcs-takeover-of-blom-bank/

The transaction, launched last January, is one of the most noteworthy of this year in the Egyptian banking landscape.

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