Egypt's CIB agrees to sell 10 pct of CI Capital -CI Capital CEO

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Sun, 14 May 2017 - 01:52 GMT

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Sun, 14 May 2017 - 01:52 GMT

Commercial International Bank - CIB Facebook page

Commercial International Bank - CIB Facebook page

CAIRO May 14 (Reuters) - Egypt's largest listed bank, Commercial International Bank, has agreed to sell 10 percent of its investment banking arm CI Capital to a local investor, CI Capital CEO Mahmoud Attalla said on Sunday.

CIB finalised a deal in March to sell about 75 percent of CI Capital to a group of Egyptian and Gulf investors in a deal worth about $40 million.

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