Thursday 22 November 2012

STOCKS NEWS MIDEAST-Egypt's NSGB falls after QNB offer deadline extended - Yahoo! News Maktoob

Shares in Egypt's National Societe Generale Bank drop after the regulator extended Qatar National Bank (QNB) stake purchase offer deadline to Feb. 20.
NSGB falls 6.8 percent, down 15.8 percent so far in November after rallying for the last four months on deal speculation.
Societe Generale is nearing the sale of its majority stake in NSGB to QNB, sources familiar with the matter
said earlier this month. If concluded, the Qatari bank would be obliged to offer to buy out minority shareholders.

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