Bid offers received
Published: 18/08/2005, 11:56
Misr International Bank 18 August 2005 Bank Misr considering bid Cairo, 18th of August With reference to the sale of a controlling stake in Misr International Bank (MIBank) (MIBA.CA) (MIBD.L), Bank Misr has announced today that two (2) bids have been received. The higher bid was made by Societe Generale to acquire 100% of MIBank's shares, with a minimum of 75% required to close the deal, at a price of EGP 43.2 / share. The bid offer is valid until noon of Sunday 21st of August. The bid is currently being considred. - END For all enquiries, please contact: Investor Relations Walid Bakr Walid.Bakr@mibank.com.eg Tel: +2012-310-8871 Media Relations Fatma El Goully Fatma.elgoully@mibank.com.eg Tel: +2010-105-0587 This information is provided by RNS The company news service from the London Stock Exchange