Bank sale advances

25 October 2007
Banks have completed due diligence on Credit Populaire d'Algerie in the lead-up to the sale of a 51 per cent stake in the state-owned bank, the first to be privatised in the country.

The bidders, Banco Santander, Banque Populaire Group, BNP Paribas, Credit Agricole, Citigroup and Societe Generale, are now expected to submit their offers in October. Rothschild is the financial adviser (MEED 6:7:07).

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications