Cairo - Mubasher: Commercial International Bank (CIB) said it has hold a board of directors meeting on Thursday, where they discussed the non-binding offer it has received from the Orascom Telecom Media And Technology Holding (OTMT) to acquire 100% of CI Capital Holding.
CIB's board and CI Capital management have approved to move forward with the discussions on the potential acquisition of CI Capital, where OTMT will be given access to conduct due diligence.
CIB noted that the discussions with OTMT are still at a preliminary stage.
The lender assured that it will inform the market of any new material event that results from this process.
