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Thndr Claps » EGY Claps » EGX 🔔 » Banque Misr acquires rest of Banque du Caire 💯

Banque Misr acquires rest of Banque du Caire 💯

by Ziad Amin
April 28, 2022

The Clap
Banque Misr completed its acquisition of Banque du Caire (BQDC).

The deets
Banque Misr raised its stake in Banque du Caire from 57.14% to 99.99% through the purchase of 1.12 billion shares worth EGP 6.97 billion.

The seller in this deal was Misr Capital, which sold its entire 42.8% stake.

Banque Misr stated that the full acquisition came within the framework of the bank’s internal restructuring.

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