CIB extends SPA validity for CICH deal for 15 days

RNS Number : 4377Z

Commercial Intnl Bank (Egypt) SAE

26 May 2016

 

RELEASE

Cairo - May 26^th,  2016 - In reference to the Bank's release dated May 12^th, 2016 which included disclosing that CIB and Beltone Financial Holding ("Beltone") have extended the validity of the signed SPA pertaining to the sale of the Bank's shares in CI Capital Holding ("CI Capital") to expire on May 26^th, CIB would like to announce that it will extend the SPA validity for 15 days commencing from today, May 26^th, 2016 to expire on June 9^th, 2016.

The Bank will inform the market with any material event resulting from said acquisition process.

END OF RELEASE

 

END

 

 

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