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Egypt's CIB says Actis sells remaining 6.5 pct stake
May 19, 2014 / 8:12 AM / 3 years ago

Egypt's CIB says Actis sells remaining 6.5 pct stake

CAIRO, May 19 (Reuters) - Egypt’s biggest listed bank, Commercial International Bank, said in a statement on Monday that Actis had sold its remaining 6.5 percent stake in the bank to Fairfax Financial Holdings Ltd.

Actis, an emerging markets private equity firm, had sold another 2.6 percent stake to international investors in March, CIB said.

Reporting By Stephen Kalin

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