February 8, 2025
Egypt court to rule soon in case over Intesa’s local unit – sources

CAIRO/MILAN — An Egyptian court will rule shortly on a case centered on the 2006 sale of AlexBank to Italy’s Intesa Sanpaolo, two source said, potentially paving the way for the cash-strapped government to sell its remaining 20% stake in the lender. Egypt is seeking to raise cash after its financial markets suffered heavy foreign [……
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