CBE appoints Barclays as international financial adviser for divestment of United Bank

Updated 5/18/2023 7:52:00 AM
CBE appoints Barclays as international financial adviser for divestment of United Bank

Arab Finance: The Central Bank of Egypt (CBE) has appointed Barclays Bank PLC as an international adviser, alongside CI Capital Investment Banking as the local financial adviser, to divest its stake in the United Bank of Egypt, according to a press release on May 17th.

On March 9th, it was reported that the CBE requested investment banks to offer advisory proposals for the sale of United Bank of Egypt.

 

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