Algiers approves Credit Populaire privatisation
Algiers has agreed to the first privatisation of a state-owned bank. Approval was granted in mid-September for the sale of a 51 per cent stake in Credit Populaire d'Algerie (CPA), the country's third largest bank. The decision follows the submission of recommendations by financial adviser Rothschild earlier in the year. The sale is expected to raise up to $1,500 million (MEED 28:7:06).
This content is only available to full MEED package subscribers (MEED magazine and MEED.com).
If you are already a subscriber to the MEED package and have activated your online subscription, sign in
If you are already a subscriber to the MEED package but have not activated your online subscription, please activate here
If you would like to subscribe to the full MEED package and get access to the whole of the website, please subscribe here
If you are a MEED magazine only subscriber and would like full access to MEED.com, please contact Customer Services who will upgrade your subscription.
