CI Capital acquires CIB's stake in CorpLease

Cairo - Mubasher: CI Capital Holding acquired the stake of Commercial International Bank - Egypt (CIB)in CorpLease for EGP 133 million ($17 million), said a bourse filing.

CI Capital Holding is CIB's wholly owned investment banking arm.

CorpLease is a joint stock company established in January 2004 with an authorised capital of EGP 270 million. The company was formed by leading financial institutions among which are CIB, DEG and UBAF.

Mubasher Contribution Time: 03-Jan-2016 08:12 (GMT)