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Two British offers to buy an Egyptian insurance company
Egypt-UK, Business, 2/19/1999
The international Ahli Bank in London received offers from two British companies to buy the Egyptian Ahli Company for Insurance. A statement released by Ahli Bank of Cairo confirmed that El-Ahli Bank will be the mediator in the buying process, immediately after the Ministry of Public Works begin the process of privatizing the insurance company.
The statement did not mention the names of the British companies or the values of the offers.
Previous Stories:
British trade minister to visit Cairo
(1/30/1999)
98 international and local efforts to buy 11 companies, two factories in Egypt
(1/22/1999)
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