FGB denies claims on acquiring Barclays Egypt

Abu Dhabi – Mubasher: First Gulf Bank (FGB) negated on Wednesday any negotiations on a potential offer to buy Barclays Egypt.

Barclays CEO, Jes Staley, earlier announced the group’s intentions to sell its branch in Egypt, in addition to other branches in Africa and Europe.

Mubasher Contribution Time: 16-Mar-2016 12:29 (GMT)