First Abu Dhabi Bank plans to resume talks to acquire Bank Audi activities in Egypt.
According to Reuters, Abu Dhabi will hold its first internal meeting this week to decide on how to resume negotiations and put up a final tender.
The bank had suspended talks on this deal, estimated at $ 700 million, last May due to the difficult market conditions related to the Corona pandemic.
and upon the suspension of previous talks, Bank Audi in Egypt confirmed, in a statement published last May, that it will continue its current business and expansion plans in the Egyptian market in accordance with its strategy approved by its board of directors. .
(Amazon fun knowledge)
