EGYPT: Barclays begins sale of its two banks from the Middle East and North Africa region as Emirates NBD, MENA show keen interest in the sale – @AceFinanceNews

#AceFinanceNews – July.20: Emirates NBD, MENA banks eye Barclays Egypt sale

Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East and North Africa region expressing interest in the business, sources familiar with the matter said on Tuesday.

Barclays is divesting its Africa unit as part of a plan to simplify its structure and seek higher shareholder returns. (AFP/Carl Court)

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