Thursday 17 March 2016

FGB denies making bid for Barclays Egypt | GulfNews.com

FGB denies making bid for Barclays Egypt | GulfNews.com:

"First Gulf Bank (FGB), an Abu Dhabi-based bank, on Wednesday denied reports that it had made a bid to purchase Barclays assets in Egypt.

In a statement, the bank said it “has not engaged in any discussions regarding any possible bid to purchase these assets.”

Earlier this month, Barclays Egypt, a subsidiary of UK-based Barclays, announced its plans to sell its assets in Egypt in order to focus on the bank’s core operations in the UK and the US."



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