Two bid for bank sale advisory
Banks have been given until early September to bid for the advisory mandate on the sale of the government's stake in Credit Populaire d'Algerie (CPA). A two-week extension was granted after only two banks - Rothschild and Lazard- submitted bids by the original 17 August deadline. Government regulations stipulate that at least three bids must be received. Algiers plans to offer at least 50 per cent of the bank's shares. Interest in acquiring the stake ...
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