CAIRO Nov 30 Egypt's largest listed bank CIB is
in talks with a group of investors to sell a stake in its
investment banking arm CI Capital, sources with knowledge of the
discussions told Reuters on Wedensday.
Commercial International Bank declined to comment.
A deal to sell CI Capital to Beltone Financial that was
agreed in February later fell through after failing to secure
approval from the Egyptian Financial Supervisory Authority.
Banking sources said that CIB had been in talks to try to
find other buyers with the aim of completing a deal to sell a
majority stake by the end of the year.
(Reporting by Asma Alsharif and Ehab Farouk; Editing by Lin