Algiers begins sell-off
Rothschild has been awarded the mandate to advise the Finance Ministry on the sale of a majority stake in state-owned Credit Populaire d'Algerie (CPA). The sale, which is expected to be completed by September 2006, will introduce the first private sector participation to the state-controlled banking sector, which has more than 80 per cent of the banking market. The Finance Ministry also announced in early December that it intends to launch within six months the sale of a ...
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